Venables did sing at the Hammersmith Palais as a teenager, but will be hoping for better fortune than on his first foray into the pop business.
He recorded 'What Do You want To Make Those Eyes at Me For?' in 1974, but it failed to make the charts.
At least the video, where Tel will team up with Des Lynam and Paul Gascoigne and ride on a red bus around Trafalgar Square, should be a hoot.
The 'loose collective' fronted by actor Keith Allen, featuring Alex James and Dave Rowntree from Brit-pop favourites Blur and Brit-art enfant terrible Damien Hirst, are at it again.
After previously working on New Order's 'World in Motion' in 1990, they sold almost 1m copies of the lager-fuelled anthem 'Vindaloo' four years ago.
This time they have recorded a track entitled, 'Who Invented Fish & Chips? (Pop It In the Onion bag), which will be released in June.
Former Spice Girl Mel C is also involved, although her World Cup form is not too hot.
The Spicers' 'On Top of the World' was the official choice for France' 98, but is unlikely to be found on their Greatest Hits package.
Sven Sven Sven, written by comedians Martin Bell and Jonathan Spurling, is being re-released for the World Cup, with a B-side called 'Golden Balls' in homage to David Beckham.