Euro 2012 participation could stop midfielder from playing in London Games
The Arsenal midfielder had previously declared that he would like to represent Great Britain at London 2012 but with the young midfielder set to be involved with England at Euro 2012, there were fears he would not be allowed to turn out at both tournaments.
While Football Association general secretary Alex Horne has admitted that players who play in Poland and Ukraine for Euro 2012 will not then be asked to participate in the Olympics, the decision over Wilshere's inclusion is set to be up to Arsenal and the player himself.
"We would have a conversation with Arsene and Jack, to see if it was feasible," he said.
"It means the player will get no summer holiday - depending on how long we are in Poland and Ukraine for.
"It's tough. It's how Arsenal feel about it as they are the employer and as an athlete you have got to take a rest."
Horne went on to explain the process that the FA will take to organise the British team for the games, insisting that the Scottish, Northern Irish and Welsh FA’s were still reluctant to let their players play.
"The idea is to appoint a manager to select a team in May ," he explained.
"But not take anyone to Poland/Ukraine and then ask them to play in the Olympics because there is only four weeks in between and that's not fair on the clubs or the players.
"I have sympathy for the position of Northern Ireland, Scotland and Wales saying they don't want their players to play for an English team."
The British Olympic Association will seemingly not allow a team consisting of just English players in the competition although Horne remains positive there will be a solution.
"I think there is a way through this, but it's difficult," he added.
"We have to have a team to participate in the Olympics. I could get comfortable with the notion that it was an English-only team but I completely understand why the BOA are uncomfortable with that."