Welsh golf officials will meet this week to discuss whether to formally bid for the 2019 Solheim Cup matches between Europe and the USA.
England, Scotland, Denmark, Holland, Norway, Portugal, Spain, Sweden and Turkey have expressed an interest in hosting the biennial event.
Wales previously hosted the matches - won on the past two occasions by Europe - in 1996 at St Pierre near Chepstow.
A decision on who will host the event is expected before the end of the year.
Welsh golf is keen to build on the legacy of hosting the 2010 Ryder Cup.
It is understood the Celtic Manor Resort near Newport, which hosted the Ryder Cup five years ago, would be the likely venue for the women's version should Wales' bid prove successful.
Wales are one of the countries to have expressed initial interest in hosting the matches but now need to decide whether to make a formal tender application.
A bid would require significant backing from the Welsh Government.
Wales' Becky Brewerton played in the Solheim Cup in 2007 and 2009 and has been a long-time advocate of the event being again hosted in her home country.
"It's very exciting news, especially for myself and all the other Welsh players - the likes of Amy Boulden - to think that there's a chance we might have another Solheim Cup in Wales," Brewerton said.
"It's obviously a huge incentive. There's been a massive change for ladies' golf and especially the Solheim Cup in recent years - helped by the fact Europe have won the last two.
"It's become a real viable event now; I heard Martin Kaymer [the German three-time Ryder Cup player] talking about the Solheim Cup last week during a men's event on the PGA Tour.
"So to hear it being spoken about so highly on the men's tour and among other people, we really know that it's become a huge event now."