The Matildas could face Brazil, European champions the Netherlands or Asian rivals Japan at the 2019 FIFA Women's World Cup group stage after being drawn among the top seeds.
Australia were placed in Pot 1 with France, USA, Germany, England and Canada by FIFA on Friday, with the FIFA Women's World Cup group stage draw set for Saturday evening (Sunday morning AEDT) in Paris.
While they will avoid facing any of those heavyweights in the first stage, the world No.6 side could still be up against Brazil, the Netherlands or Japan.
The Matildas' rivalry is strong with two of those teams as they knocked Brazil out of the 2015 FIFA Women's World Cup in Canada, while Japan have beaten Australia at the last two AFC Women's Asian Cups.
Other potential bogey teams in Pot 2 include Sweden, Spain and Norway.
There's also a chance Australia could be drawn for a group stage clash with cross-Tasman rivals New Zealand, who are in Pot 3.
The tournament kicks off in Paris on June 7 with Lyon hosting the final on July 7.