Foster is said to be in talks with developers Related Companies and Vornado Realty Trust over the regeneration of the famous site, but is facing stiff competition from Cesar Pelli, KPF, and David Childs of SOM.
But Bud Perrone, a spokesman for the developers, has denied that an official competition has been launched.
'There is no competition or any such thing,' he said. 'It is business as usual for Related and Vornado, which are constantly studying architects' various projects.'
Should Foster be successful in securing the scheme, it would continue his run of success in the Big Apple, coming hot on the heels of his acclaimed Hearst Tower, and with his World Trade Center scheme ready to kick off in the coming months.
The Penn Station scheme will be a massive undertaking, which will see the Madison Square Garden arena move one block to the west, and between two and four office blocks taking its place.
The Farley Post Office Building will then house a new train hub, which could create approximately 500,000m