The two nations that progress to the first women's edition of the Nations League final will secure Europe's spots in Paris, alongside hosts France.
However, intriguingly they face Scotland in their Nations League group, where dropped points for England could cost some of the Scots their chance of competing at the Olympics. Wiegman led England to win Euro 2022 and to the final of this year's World Cup.
"My full focus is on the Nations League campaign, but I would of course be very excited if the chance came to lead Team GB next summer. It would be an honour," said Wiegman in a statement released by the English Football Association.
England open their Nations League campaign at home to Scotland on Friday with the Netherlands and Belgium also in Group A1. Four group winners will advance to February's Nations League semi-finals and final.