There are rumours that Paul MCartney will be performing either at the opening or closing ceremonies when London hosts the 2012 Olympics.
Meanwhile, Elton has been formulating plans for a special concert in London during the sporting spectacle next summer.
And he's asked Muse to perform alongside him at the show.
A source told The Sun: "Elton has never put on subtle live shows but he wants the Olympic gig to be even more overblown and spectacular than ever.
"He's been a huge fan of Matt Bellamy's band for years and is desperate to collaborate with them.
"A show during the London Olympics will be the ideal opportunity. And with Muse's reputation as one of the best live groups in the world it's bound to be special."