That, however, would be conditional on the two resolving their long-running wrangle over when their court-ordered, multihull duel for the trophy should be held.
Alinghi has offered to race Oracle in July 2009 for the 33rd America's Cup, but the US team is insisting on October 2008, the Swiss syndicate said Friday.
"However, if for some reason an agreement is reached for January, 2009, Oracle does not exclude racing in the southern hemisphere," he added.
The Deed of Gift that governs America's Cup racing stipulates that any regatta scheduled between November 1 and April 31 be held in southern hemisphere waters.
If that was the case, it would be up to Alinghi to decide on the venue.
If no agreement is reached at their meeting next week, the matter will return to the New York court which made the ruling for the multihull race to go ahead.
