Bolt, 31, is set to undergo a six-week trial with A-League outfit Central Coast Mariners in order to prove his worth for a professional contract.
After several training stints around the globe, with Borussia Dortmund. Mamelodi Sundowns and Strømsgodset - his agent Ricky Sims confirmed the eight-time Olympic Gold medalists has a variety of options.
"Usain has made it quite clear that he's interested in playing professional football," Simms told the Australian Associated Press. "We're looking at a number of options and this is one of them."
.@CCMariners have confirmed they're in talks to sign @usainbolt.— Hyundai A-League (@ALeague) July 17, 2018
They've also delivered a clear blueprint of what he has to do to earn a professional contract: https://t.co/XqGgFDYkXj pic.twitter.com/9aSIX863St
While there's been major fanfare surrounding the reported deal of the former Olympic sprinter, the FFA have remained cautious over any prospective deal.
Australian football agent Tony Rallis claimed the Federation would need to subsidise a portion of the $900k (R11m) contract from their marquee fund - which is set out to attract high-profile players to the Australian top-flight.
"We've got a club that's willing to allow him to trial and offer him the contract," Rallis told AAP. "We just need some funding from the FFA to top it up."
However, the FFA's response hasn't brought about immediate optimism.
"While Usain Bolt is one of the most famous athletes on the planet, he's not a professional footballer.
"If the trial goes ahead and Central Coast Mariners decided it stacks up and they want to offer him a contract, then we will have a discussion with them around that and what might be possible."