The Matildas are facing a tough road to their first Olympic medal after being drawn into a group alongside USA and Germany on Thursday morning.
Tony Gustavsson’s side will later be joined in Group B by either Zambia or Morocco, who face off in an Africa playoff over two legs next month.
The Matildas will be looking to build on last year’s stunning run to the semi-finals at the World Cup and also had a successful last start at the 2020 Games in Tokyo, where they came up just short of a medal.
On that occasion they went down 4-3 to the USA but will have a chance to exact revenge in the group stages.
The US is FIFA’s fourth-ranked nation and has four Olympic gold medals to its name, although it will be without legendary captain Megan Rapinoe.
Germany, meanwhile, won gold at the Rio Games in 2016 and is ranked fifth in the world.
The Matildas did avoid host nation France along with last year’s World Cup winners Spain and Tokyo 2020 gold medallists Canada.
Gustavsson told reporters on Wednesday that “some very good players” will miss out as he prepares to name the Matildas’ Olympic Games squad.
Gustavsson picked a 23-player squad for the April 10 friendly international against Mexico in Texas, but will need to cut that number down a further five names for Paris.
“Unfortunately, due to limited roster spots for the Olympics, that results in some very good players in strong form missing out on selection for this window and for the Olympics,” he said.
“That those (selection) decisions will be difficult speaks to the genuine depth and competition for places that we have created over the past three years.
“We have been consistent on the keys for squad selection which incorporates individual performances for club and in previous
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