Wembley Stadium has been shortlisted to host the Champions League final in 2010 or 2011.
Wembley last hosted the European Cup in 1992 when Barcelona won
The rebuilt venue will be visited by a delegation from European football's governing body Uefa this year.
Berlin's Olympiastadion, the Allianz Arena in Munich and, in Spain, Madrid's Bernabeu and the Mestalla in Valencia are the other stadiums in contention.
Meanwhile, Arsenal's Emirates Stadium and Dublin's rebuilt Lansdowne Road are in contention for the Uefa Cup final.
Arena AufSchalke in Gelsenkirchen, Espanyol's Estadi Montjuic in Barcelona, the Arena Hamburg and the National Stadium in Bucharest are the other stadia being considered for that competition.
"Capacity, infrastructure, facilities and functionality" were listed by Uefa as the criteria under consideration for the stadia, as well as legal documentation, accommodation and airport facilities. There also remains a rotation policy between national associations.
Football Association chief executive Brian Barwick said: "We're delighted that Uefa have shortlisted Wembley for both the 2010 and 2011 finals.
"It is recognition of Wembley's place among the very best football stadiums in the world, as well as its unique tradition and history."
The Champions League finals in 2008 and 2009 will be held at the Luzhniki Stadium in Moscow and the Stadio Olimpico in Rome respectively.