The A-League hopefuls, who failed to make Football Federation Australia's 10-team expansion shortlist in June, believe they are ready to follow Western Melbourne and Macarthur South West Sydney's staggered entries at the first attempt.
With FFA chairman Chris Nikou and the board "firmly in favour" of further expansion, once the A-League's independent model takes shape, Tasmania's entry would represent a significant step towards a 14-team competition.
"From our perspective, we are still here and we’re just waiting for everything to line up," Morton told The Mercury.
"The bid is still strong, we are waiting for the new A-League working model to be finalised."
Backed by Melbourne-based millionaire Harry Stamoulis, Morton confirmed Tasmania could field a team in three years, in what would be just the state's second attempt at professional sport.
"From our point of view, we are ready to start forming our club whenever we’re granted a licence - as soon as possible, from our perspective," she said.
"I believe the first opportunity would be 2021, unless the new A-League working model changes that.
"We continue to believe our bid is strong and was when first presented.
"We believe that the selection criteria will be different once the new operating model is in place."
Western Melbourne will enter the A-League next season, before Sydney's second expansion outfit will follow in 2020.