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The deadline for nations to lodge their "expression of interest" with UEFA is Wednesday.
UEFA will then announce the official bidders to go forward on April 5 - but if the UK and Ireland are the only option on the table, they will be confirmed as hosts two days later during a vote at UEFA's Exco meeting on April 7.
Further deadlines for proof of government support and funding are then due later this year.
Italy looked as though they would offer the stiffest competition as hosts, but it now looks increasingly likely they will bid instead for the next Euros, in 2032.
A planned bid from Russia is a non-starter, due to the ongoing atrocities in Ukraine and the country's exile from global sport.
Turkey could yet put forward a bid before Wednesday's deadline, but it's thought UEFA officials have not received any indication that a bid is likely.
- Analysis: England squad talking points
- Hickey handed Scotland call-up
- World Cup 2022 play-offs - who still needs to qualify?
FA bosses were initially keen on the idea of hosting the 2030 World Cup and commissioned a feasibility study that also examined a possible bid for the 2028 Euros.
That feasibility study was due to be completed later in the spring, but it was fast-tracked, so that a decision on submitting a bid could be made.
Behind the scenes, it was thought officials from the English, Scottish, Welsh, Irish and Northern Irish FAs believed they would stand a good chance of being given the nod for 2028 - partly because UEFA is considering increasing the number of participating teams to 32 for the first time.
An expanded tournament would mean greater demand on stadiums, training facilities and hotels - an area where the home nations and Ireland felt they could offer a particularly strong case.
Who still needs to qualify for the 2022 World Cup?
Path A
Scotland vs Ukraine - Thursday, March 24 (7.45pm kick-off) - Postponed until June
Wales vs Austria - Thursday, March 24 (7.45pm kick-off) - live on Sky Sports
Path B
Russia vs Poland - Thursday, March 24 (5.00pm kick-off) - Cancelled: Poland given bye
Sweden vs Czech Republic - Thursday, March 24 (7.45pm kick-off) - live on Sky Sports
Path C
Italy vs North Macedonia - Thursday, March 24 (7.45pm kick-off) - live on Sky Sports
Portugal vs Turkey - Thursday, March 24 (7.45pm kick-off) - live on Sky Sports
Play-off finals: Tuesday, March 29 - live on Sky Sports
What is the World Cup format and schedule?
The 2022 World Cup in Qatar will feature 32 teams in eight groups of four.
Four matches will be played each day during the group stage, which will run over a 12-day period and see winners and runners-up progress to the round of 16.
Matches will only be assigned to particular venues after the finals draw, so organisers can choose optimal kick-off times to suit television audiences in different countries, as well as supporters out in Qatar.
The finals draw is scheduled to take place on Sunday, April 3, after the March window for international fixtures.
Unlike at Euro 2020, there will be a third-place play-off game on December 17.
Group stage: November 21- December 2
Round of 16: December 3-6
Quarter-finals: December 9/10
Semi-finals: December 13/14
Final: December 18