She said at the end of March she will ask the mayors of the capital’s 20 districts to vote on a possible candidacy, then she will consult the City council.
Hidalgo was presented on Thursday with a report about a possible bid, prepared by leading figures in the French sports world.
Bernard Lapasset, president of the French Committee of International Sport reckons that Paris and France could put together an Olympic and Paralympic project with “winning qualities", for a cost estimated at less than 4.5 billion euros.
After handing over his report Lapasset said that France needed to "move as quickly as possible" onto negotiations with the International Olympic Committee (IOC) about a bid.
Paris Mayor, Anne Hidalgo, assured the team that she “really wanted” to organise the game but that she did not want to make a snap judgement and would give her final decision “by June at the latest.”
The Socialist mayor is worried about opposition from rival parties over the cost of holding the Games.
Bids must be in by September and Paris will have to beat a strong field of contenders if it enters.
Rome has already announced that it will lead an Italian bid. The US city of Boston is also a candidate while Germany is deciding between Berlin and Hamburg.
Durban in South Africa could press to become the first African host of the Games.
Istanbul, runner-up to Tokyo for the 2020 Games, is also considering a new bid. Doha in Qatar and Baku, the Azerbaijan capital, have also been mentioned as possible candidates.
The name of the city chosen to host the 2024 Olympics will be revealed in Lima in Peru in 2017.