County side Glamorgan announced Monday they'd submitted a joint-bid with the Welsh government and Cardiff City Council to provide a base for the headquarters of the International Cricket Council (ICC) from 2015.
Recent reports have suggested next week's ICC executive board meeting will consider a radical revamp of cricket's global governing body, including moving its headquarters from Dubai, with Colombo and Singapore also said to be vying with Cardiff to become the new administrative home of the organisation.
The ICC was based at London's Lord's ground before leaving for Dubai, primarily for tax purposes, in 2005 to end a 96-year association with the 'home of cricket'.
A statement from Glamorgan, the only Welsh team to play in England's County Championship, said initial talks about the ICC moving to south Wales had started.
"Discussions are at a very early stage and ongoing, with Cardiff being only one of a number of possibilities being considered," it read.
A Welsh Government spokesperson added: "We have engaged in discussions on the matter but at this stage any details would remain commercial in confidence."
Glamorgan's Sophia Gardens ground in Cardiff, the Welsh capital, staged the opening Test of the 2009 Ashes series and was one of three venues for last year's ICC Champions Trophy.
The controversial ICC 'position paper' also included plans for the England and Wales Cricket Board (ECB), Cricket Australia (CA) and the Board of Control for Cricket in India (BCCI) to become the three major decision makers in world cricket off the field, with their sides spared relegation from the top flight in a proposed new two division structure for Test cricket.