The Barcelona midfielder is considered a shoo-in for Vicente Del Bosque's squad for Poland and Ukraine but it was not thought that he would be considered - or even want to be considered - for London 2012, given the Games get underway less than three weeks after the conclusion of Euro 2012.
However, Busquets insists that he would dearly love to represent his country in both competitions.
"I want to go to the European Championship and the Olympics, but it's not up to me," the 23-year-old Catalan is quoted as saying by AS.
"The two coaches [Vicente Del Bosque and Luis Milla] know it's my dream. I will do everything to go."
For the moment, though, Busquets is focusing on Barca's Champions League last 16 second-leg clash with Bayer Leverkusen at Camp Nou.
The Blaugrana are expected to cruise into the quarter-finals, having triumphed 3-1 at the BayArena three weeks ago, but Busquets is taking nothing for granted.
"The result of the away leg was very good, but all is not decided," he warned.
"They will come to attack; to create chances. [But] that will open spaces in their defence, as in the second half in Germany."
Barca's clash with Leverkusen at Camp Nou kicks off at 20:45CET.
Since November, Goal.com has been publishing exclusive extracts from Graham Hunter's highly-anticipated new book, 'Barca: The Making of the Greatest Team in the World'. The very last extract, which was published last Friday, looks at Andres Iniesta's risky return from injury in the 2009 Champions League Final and how he was described by Wayne Rooney as the 'best midfielder in the world'. Don't miss it!