And Scotland's first minister Henry McLeish and SFA chief executive David Taylor announced they had joined forces behind the bid.
The study revealed that, to be successful, Scotland would need either to provide two new 30,000 seat stadiums or involve another country - probably Ireland or Wales, or both - in a share scheme.
Scotland has four major stadiums - Ibrox, Hampden and Celtic Park in Glasgow and Murrayfield in Edinburgh, home of Scottish rugby - but no decision on whether to go it alone or look for a partner has yet been made.
The report concluded that Scotland would stand a good chance of being successful in its bid as its standing within UEFA is high.
Other bids are likely to come from Russia, Austria/Switzerland, Greece/Turkey and a multi-country effort from Scandinavia.
A final decision on whether to go ahead with the Scottish bid is expected by November and it must be with UEFA by next May.
The decision on who will host the event will be made early in 2003.
The Scottish Football Association (SFA) has taken another step towards bidding to host the 2008 European soccer championships with the publication on Wednesday of a feasibility study.
