With pressure escalating for a third team based in Sydney's South, Woollongong are considering a push for a position back in Australia's top professional competition, with an eye on Football Federation Australia's criteria for selection as a newly inducted team, set to be released next year.

Recently appointed CEO Chris Papakosmas has strong ties with billionaire television mogul Bruce Gordon, his former employer at WIN Television, with the businessman touted as a potential A-League investor and was last year rumoured to have met with Frank Lowy when the FFA was looking at removing Wellington Phoenix from the league.

While Papakosmas stated it would be "presumptuous" to assume Gordon is keen to fund a Wollongong A-League bid, he did emphasise his relationships within Australia's football and business communities.

"Bruce is a very well-known, successful businessman down in this region and he'll decide what's in his best interests," he said.

"But in saying that, we have some very, very significant contacts and connections within corporate Australia, here on the South Coast and right across the country, and we intend to leverage those when it's most appropriate and suits everyone involved."

In the short-term Papakosmas maintains the Wolves will be maintain their focus on stabilising the club's finances and rolling out a new, low-cost junior pathway program.

But once the expansion framework is made public, they'll take a serious look at a return to the top flight.

"If guidelines come out in January or February, of course we're going to look at those guidelines very, very closely," Papakosmas told AAP.

The governing body is believed to be preferable towards a 'super-team' encompassing the Illawarra, Sutherland and St George regions, with the side splitting games between Wollongong's WIN Stadium and Cronulla's Southern Cross Group Stadium.

But the Wolves appear to be wheeling in the big guns to stave off FFA's favoured option with Papakosmas believing that would be the wrong way to go.

"I can't speak on anyone else's behalf, but eventually when FFA decides what's in the best interests of football in the country, is it a truly expansive league that incorporates all the major football-loving regions in the country, or is it a dilution of certain areas that already have representation?" he said.