Sport and Recreation Minister Mick Murray has pledged his support for potential changes to Hands Oval.
The Minister revealed plans to revitalise the facility were being drawn up.
"The City of Bunbury has formed a working group that includes the South West Football League and the Department of Local Government, Sport and Cultural Industries to investigate the development of Hands Oval," he said.
"The working group showed me through the facilities in January and outlined the planning work they have done to date."
Mr Murray said Hands Oval had the potential to become a top-notch sporting facility.
"Hands Oval is an important facility for football and for Bunbury more broadly. There is no doubt that a level of investment is required to bring the facility up to modern standards," he said.
"It was disappointing when a couple of years ago I approached a senior SWFL official about working towards an upgrade of Hands Oval and was told that the league had concerns that an upgrade of Hands Oval might upset other clubs.
"The planning and priority of the project is a matter for the City of Bunbury and the SWFL who are eligible to apply for funding...which can contribute up to one-third of eligible project costs.
"The SWFL and the city may also be able to seek funding through the Better Regions program."
Mr Murray's comments follow those of Bunbury MLA Don Punch and South West Regional Football Development Council chairman Mark Blakely.