London could host the 2016 Olympics because Brazil is so far behind on preparations for the Rio Games in 2016.
According to the Evening Standard, an informal approach was made by the International Olympic Committee to ascertain whether venues from the magical 2012 Games could host another Olympics in two years' time.
The IOC is so concerned by the shambles in Rio vice-president John Coates has called Brazil’s preparations “the worst I’ve experienced”.
The London 2012 Olympics will live long in the memory of Brits
And the news comes a day after an eighth workman was killed during the construction of Brazil's World Cup stadia.
However, before Brits get excited, a figure "close to the Olympic movement" is quoted as saying the chances of London hosting a second successive Olympics are “infinitesimally small”.
A source told the Standard: "At a comparable planning stage in 2004 Athens had done 40 per cent of preparations on infrastructure, stadiums and so on. London had done 60 per cent. Brazil has done 10 per cent - and they have just two years left. So the IOC is thinking, 'What's our plan B?'
"Obviously, the answer would be to come back to London. It's very unlikely but it would be the logical thing to do."
Rio de Janeiro planned to organise the Games at a cost of $14.4 billion.
PHOTOS: London 2012 Closing Ceremony
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Fireworks expload during the Road to Rio in the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The sun sets behind the Olympic stadium before the Closing Ceremony of the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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The Olympic flame burns as spectators gather in Olympic Stadium to attend the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Emeli Sande performs during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Emeli Sande performs 'Read All About It' during the Closing Ceremony of the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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An artist imitating Winston Churchill performs during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Emeli Sande performs "Read All About it" during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Actors perform during the closing ceremony of the 2012 London Olympic Games, at the Olympic Stadium in London, on August 12, 2012. (credit:Getty)
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Timothy Spall smokes a cigar as he plays Winston Churchill during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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IOC president Jacques Rogge, Prince Harry and Catherine, Duchess of Cambridge look on during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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General view of the closing ceremony of the 2012 London Olympic Games, at the Olympic Stadium in London, on August 12, 2012. (credit:Getty)
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Actors perform during the closing ceremony of the 2012 London Olympic Games, at the Olympic Stadium in London, on August 12, 2012. (credit:Getty)
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Cars drive through the stadium, past the London landmarks Big Ben, Royal Albert Hall and Battersea Power Station, during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Olympic Cauldron burns in front of a Damien Hurst Union Jack on the field during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Suggs and Mike Barson of Madness perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Suggs (2nd L) and Madness perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Performers fly Union flags during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Actors perform at the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Performers fly Union flags during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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A member of 'Stomp' performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Performers take part amongst scenes of London at the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Performers take part at the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Singer Emeli Sande performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Artists perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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A black cab backdropped by a replica of the London Eye during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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An artist waves a Union Jack flag atop a mock up of the Big Ben tower during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Harry Styles of the One Direction band performs at the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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The flagbearers of the countries that participated in the 2012 London Olympic Games enter the Olympic Stadium in London during the closing ceremony of the Games, on August 12, 2012. (credit:Getty)
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Flagbearers parade during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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British band One Direction performs during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Flags of various nations, including Norway (C) and Nigeria (2nd-R), are displayed during the closing ceremony of the 2012 London Olympic Games at Olympic Stadium on August 12, 2012 in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Lee Thompson is lifted while playing the saxophone during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Flagbearers enter the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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One Direction perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Athletes enter the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Madness performs during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Artists perform during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Japanese athletes march into stadium during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Japanese athletes march into stadium during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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An athlete waves a German flag during the athletes' parade at the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Flagbearers parade during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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IOC president Jacques Rogge, Prince Harry and Catherine, Duchess of Cambridge look on during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Athletes parade during the closing ceremony of the 2012 London Olympic Games at Olympic Stadium on August 12, 2012 in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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General view of the closing ceremony of the 2012 London Olympic Games, at the Olympic Stadium in London, on August 12, 2012. (credit:Getty)
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France's athletes parade during the closing ceremony of the 2012 London Olympic Games on August 12, 2012 at the Olympic stadium in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Artists perform at the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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A general view of the Olympic Stadium during the closing ceremony of the 2012 London Olympic Games on August 12, 2012 in London, England. Athletes, heads of state and dignitaries from around the world have gathered in the Olympic Stadium for the closing ceremony of the 30th Olympiad. (credit:Getty)
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Flagbearers fill the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Athletes parade as the Olympic flame is seen in the foreground during the closing ceremony of the 2012 London Olympic Games on August 12, 2012 at the Olympic stadium in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Athletes from Ethopia soak up the atmopshere during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Performers fly Union flags during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Athletes gather in the centre of the stadium during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Athletes parade during the closing ceremony of the 2012 London Olympic Games on August 12, 2012 at the Olympic stadium in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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A general view of the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Global artist George Michael performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Artists perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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British singer George Michael performs during the closing ceremony of the 2012 London Olympic Games on August 12, 2012 at the Olympic stadium in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Model Kate Moss performs in front of the Olympic Cauldron during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Performers dance on a stage set with London landmarks during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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George Michael performs during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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British model Kate Moss poses on stage during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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British singer George Michael performs "Freedom" during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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British model Kate Moss performs during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. (credit:Getty)
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An image of John Lennon is seen during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Singer Jessie J performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Performers participate inside the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Musician Ricky Wilson from the Kaiser Chiefs enters the stadium singing The Who's Pinball Wizard during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Annie Lennox performs 'Little Bird' during the closing ceremony of the 2012 London Olympic Games at Olympic Stadium on August 12, 2012 in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Annie Lennox performs 'Little Bird' during the closing ceremony of the 2012 London Olympic Games at Olympic Stadium on August 12, 2012 in London. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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Geri Halliwell, Emma Bunton, Melanie Brown, Melanie Chisholm and Victoria Beckham of The Spice Girls perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Russell Brand performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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British singer Annie Lennox performs during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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British comedian Russell Brand performs during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Fatboy Slim performs during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Victoria Beckham of the Spice Girls performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Geri Haliwell of the Spice Girls performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Geri Halliwell, Victoria Beckham, Melanie Brown and Emma Bunton of Spice Girls perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Geri Haliwell of the Spice Girls performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Emma Bunton of Spice Girls performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Eric Idle performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Spice Girls perform during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Australian athletes photograph each other during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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The Spice Girls perform during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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An image of the Union flag is displayed on the wall of the Houses of Parliament as part of the festivities for the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. (credit:Getty)
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Spectators watch the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Britain's Naomi Campbell participates inside the Olympic stadium during the closing ceremony of the 2012 London Olympic Games in London on August 12, 2012. Rio de Janeiro will host the 2016 Olympic Games. (credit:Getty)
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The Olympic Flag is handed from Mayor of London, Boris Johnson to IOC President Jacques Rogge, who passes to Mayor of Rio de Janeiro, Eduardo Paes during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Brian May of Queen performs alongside Jessie J during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Spice Girls perform during the closing ceremony of the 2012 London Olympic Games at the Olympic stadium in London on August 12, 2012. (credit:Getty)
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A performer stands on top of a giant cannon during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Olympic Flag is handed from Mayor of London, Boris Johnson to IOC President Jacques Rogge, who passes to Mayor of Rio de Janeiro, Eduardo Paes during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Olympic Flag is handed from Mayor of London, Boris Johnson to IOC President Jacques Rogge, who passes to Mayor of Rio de Janeiro, Eduardo Paes during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Fireworks explode over the stadium during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Olympic Flag is handed from Mayor of London, Boris Johnson to IOC President Jacques Rogge, who passes it to Mayor of Rio de Janeiro, Eduardo Paes during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Olympic Flag is handed from Mayor of London, Boris Johnson to IOC President Jacques Rogge, who passes it to Mayor of Rio de Janeiro, Eduardo Paes during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The road to Rio during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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A general view of the stadium during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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The Olympic Flag is handed from Mayor of London, Boris Johnson to IOC President Jacques Rogge, who passes it to Mayor of Rio de Janeiro, Eduardo Paes during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Fireworks explode over the stadium during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Fireworks expload during the Road to Rio in the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Fireworks explode over the stadium during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Eduardo Paes, Mayor Rio de Janeiro, the host city of the 2016 Summer Olympics, waves the Olympic flag during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Fireworks explode over the Olympic Stadium during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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The Rio 2016 logo is paraded during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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Spectators wave Brazilian flags as fireworks explode over the Olympic stadium during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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In this photo taken with a fisheye lens, pyrotechnics light up the sky above the Olympic Stadium during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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The cauldron burns during the Closing Ceremony at the 2012 Summer Olympics, Sunday, Aug. 12, 2012, in London. (credit:AP)
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The Who guitarist Pete Townsend, right, and singer Roger Daltrey perform during the Closing Ceremony at the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)
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French athletes Amelie Cazae and Julien Bahain sit after the Closing Ceremony at the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)
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Fireworks go off during the closing ceremony at the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)
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The Who guitarist Pete Townsend, left, and singer Roger Daltrey perform during the Closing Ceremony at the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)
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Roger Daltrey of The Who performs during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Fireworks explode during the Closing Ceremony of the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)
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Roger Daltrey and Pete Townshend of The Who perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Roger Daltrey and Pete Townshend of The Who perform during the Closing Ceremony on Day 16 of the London 2012 Olympic Games at Olympic Stadium on August 12, 2012 in London, England. (credit:Getty)
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Fireworks explode over the Olympic Stadium at the closing ceremony of the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)
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Fireworks soar over the Olympic Stadium during the Closing Ceremony at the 2012 Summer Olympics, Monday, Aug. 13, 2012, in London. (credit:AP)