The founder of the modern Olympics, Frenchman Pierre de Coubertin, was enthusiastic about cricket, a sport dominated by Britain and former British colonies such as Australia and India, but it has only once featured in a Games - in Paris in 1900.
"We need to make a decision by, I guess, July of this year so that we can submit an application by September," Dave Richardson, chief executive of the International Cricket Council (ICC), told reporters.
"And of course it’s not what cricket wants, its whether the IOC wants us."
The International Olympic Committee (IOC) will choose between 2024 bid cities Paris and Los Angeles at a meeting in Lima in September, with new sports also under consideration. Baseball and softball are set to return in Tokyo in 2020.
Richardson said it did not matter which city won the bid.
"Both (cities) would ... probably be opportunistic for us, especially the U.S. option, but also in Europe," he said at the SportsPro Live conference at Wembley Stadium.