Wolverhampton Wanderers captain Paul Ince described the International Olympic Committee's decision to award the 2012 Games to London as "great news."
Ince, who was born near the proposed Olympic site in East London, said: "I think it is going to do so much not just for the city itself, but for sport in Britain as a whole. I'm sure that we will put on a great show."
And to prove just how excited he is by the prospect of the "greatest show on earth" taking place in East London, Ince said: "I might even put in to run the 5,000 metres!"
Wolves manager Glenn Hoddle, a fellow Londoner, said: "I'm delighted just like everyone else. It is a major boost for the country and I think we will put on a great games, possibly the best ever. London is the capital of the world in many ways and it is fitting that the city is awarded the games."
Aston Villa's operational director Steve Stride offered his congratulations to the London bid, saying: "It is a proud moment for Britain.
"Here at Aston Villa we look forward to being able to play some part in making the games a resounding success for the whole country."
Villa Park is likely to be one of the venues for the Olympic football competition.
David Gold, the Birmingham City chairman, revealed a close connection to the Olympic site in London.
"I'm just thrilled justice has been done," he said. "You've got to give Lord Coe tremendous credit. To take David Beckham along on the final day was a master stroke.
"It's tremendous for the country and for me personally, because the East End of London is where I grew up and the whole place is now going to be regenerated.
"This is my manor. My mum, who will be nearly 100 when the Games come round, could walk to the stadium from where she lives."
England World Cup winner Sir Bobby Charlton, a member of Lord Coe's lobbying team, said: "Happiness is a moment like this. It is just amazing.
"I thought we had the best bid but you never know (and) when the last name came out it blew my mind. I have never had a moment like this."
However, despite football's enthusiastic response to London's success, no British footballer will be taking part at the 2012 Games as things stand.
Great Britain does not field a team in the Olympics as it has always been felt that the independent status of the English, Welsh, Scottish and Northern Irish football associations would be compromised.
The FA will now investigate the possibility of entering a Great Britain men's and women's team, with FIFA president Sepp Blatter said to be "agreeable" to the possibility of making an exception for the London Games, with the home nations being left to find a workable solution.