Austin was among 35 cities to receive a letter a month ago from the United States Olympic Committee about the city's interest in bidding for the games, the Austin American-Statesman reported Tuesday.
City leaders were upbeat at the time about the possibility of hosting the world-class event. The city's policy director, Amy Everhart, cited Austin's hosting of massive crowd-drawing events such as South by Southwest and the United States Grand Prix as proof of the city's abilities.
"Austin has become a global city, and I think we have shown ourselves as a strong venue on the world stage," she said at the time.
City council member Kathie Tovo said at the time she would "support some of the exploratory research."
Since then, however, nothing has happened, the newspaper said.
Everhart says she is not aware of any action on the matter, and Tovo said the council has neither discussed the bid nor received an update from the mayor's office.
Tovo said the cost of a bid was very expensive. Chicago spent an estimated $100 million to bid on the 2016 Olympics, which eventually was rewarded to Rio de Janeiro.
Putting on an Olympics costs even more. London spent more than $16 billion to stage the 2012 Summer Games.