Cleverley insists there is enough ability in Stuart Pearce's squad to challenge for a medal.
He said: "There is everything in this squad - youth, experience, enthusiasm, speed, technical ability and a good manager.
"There is no reason why we can't do well.
"It is a strong tournament but if we work hard and turn up on the day, I am sure we will be amongst the medals."
Cleverley is fit after injuries last term wrecked an impressive start to his senior United career.
He added: "To be back playing is all I want to do. It is all I work for. Being back for the Olympics makes it even sweeter."