Although the club are not revealing any names, reports suggest there could be as many as 10 Villa players who have been contacted about their availability for the tournament.
Team GB will be coached by Stuart Pearce and will field a team made up of players from England, Scotland, Northern Ireland and Wales provided the Football Associations involved agree to it.
And McLeish, who has been a vocal supporter of Team GB, admits that if the likes of Villa youngsters Barry Bannan and Marc Albrighton were asked if they to take part, he wouldn't stand in their way.
McLeish said: "The Olympics is very novel for us in this country. If you grow up in somewhere like Australia it's a family's ambition for their kids to represent Australia at the Olympics.
"Football's never been that way for us in the UK. I think there have been a few players contacted, something like 10.
"I've left Sharon Barnhurst (club secretary) to deal with our players and liaise with them about what they want to do."
