The 2021 Copa America will be hosted by Brazil, after Argentina was stripped of the tournament just two weeks before it starts.
The South American Football Confederation (Conmebol) said Argentina was removed as host because of the "present circumstances".
The country is currently experiencing a surge in Covid-19 cases.
Later on Monday, Conmebol confirmed Brazil would host the showpiece event, which starts on 13 June.
"Conmebol thanks the president @jairbolsonaro and his team, as well as the Brazilian Football Confederation for opening the doors of that country to what is today the safest sporting event in the world. South America will shine in Brazil with all its stars!" Conmebol said on Twitter.
But Mr Bolsonaro's chief of staff warned that there is "no done deal yet" and tough conditions would have to be met.
"We are in the middle of the process (of negotiations). But, we will not shy away from a demand that, if it's possible to be done, it could be done," Luiz Ramos said.
It is not known which stadiums would host the tournament if it goes ahead.
Argentina was originally set to co-host with Colombia, who were removed on 20 May with wide-spread protests sweeping the country.
