He believes he could be in pole position to take the event away from Shanghai once the ATP’s contract with the Chinese city runs out after the 2008 event.

Draper added: “We are investigating the possibilities but obviously more detailed discussions need to take place.

“There is no reason why we can’t hold the Tennis Masters Cup in London from 2009 onwards but I’m sure we’ll have a bit of competition from our old rivals Paris and a few other cities as well.”

Meanwhile, Draper is also close to landing another big coaching name with Tim Henman’s mentor Paul Annacone in line to become the LTA’s new head of men’s tennis.

American coach Annacone has been in discussions with Draper, who is convinced the way to enhance his organisation’s potential is to appoint some of the most respected names in the business.

Brad Gilbert is already on board as a coach primarily to British number one Andy Murray, and Draper admitted Annacone fitted all the requirements to join him.

Draper told BBC Radio Five Live: “We are talking with Paul. We would like to think he is in the running. We set the bar extremely high in terms of credibility and quality of coaches who had worked with Grand Slam winners and top 10 players.

“Clearly Paul falls into that category but there are a few others as well.”

Peter Lundgren, the former coach of world number one Roger Federer and Marat Safin, who assisted the British team during their recent Davis Cup match in Ukraine, is also in the running.