Giggs has already put himself forward and is hopeful of making the cut after missing out on playing at a major tournament with Wales.
He said: "I've put myself forward to be involved with the Olympics. Whether I get picked we'll have to wait and see.
"Obviously everybody is excited about it, about the Olympics coming to London and coming to different parts of Britain so yeah I'll have to wait and see.
"I've spoken to Stuart Pearce but I think the majority of players have. I'd love to be involved and hope I will be.
"I've not played in a tournament so to do that it would be nice to do that to be involved in a tournament atmosphere because I've never experienced that.
"People are going to have different views on the Olympics and Team GB. My view personally is I want to be involved and I want to be involved in the tournament atmosphere. If it happens it happens if it doesn't so be it."