Council planners are recommend to give the go ahead to the 6.5m tall screen in the pedestrianised area south of Grey’s Monument for 15 weeks while the 2012 Games take place.
It is hoped it will act as a focal point for sports fans who missed out on getting tickets to the London Olympics.
Harvey Emms, the council’s director of housing, planning and transport, said in a report: “This application proposes a short-term and temporary TV screen installation in association with a unique sporting and cultural event for the city.
“It is considered that the proposal will be a welcome facility providing a focus for civic activity for residents and visitors alike.”
The screen would be in place from June 1 until September 16 and would be turned on no longer than from 6am to midnight.
Only one objection was lodged by a resident of nearby Central Exchange Buildings who was concerned about noise and suggested there are better locations such as Eldon Square.