The world-famous architect, who is best known for his Jewish Museum in Berlin and Imperial War Museum North in Salford, is due to visit the resort, with project backers Rainforest Ventures, to show off his proposals for an all-new 'tropical attraction'.
The project team is currently looking for a suitable 'urban' location around the North West for the park, although developers are understood to be eyeing up an 11ha site close to Blackpool FC's Bloomfield Road ground.
Dubbed the Second Gateway site, the land is at present occupied by the Council's Illuminations warehouse, donkey stables and bus depot.
However, Libeskind may face stiff opposition getting his hands on the plot.
The Council and regeneration organisation ReBlackpool have already received eight other expressions of interest for the site, five from development companies.
Alan Cavill, head of corporate policy and development at Blackpool Council said: 'We are always excited about new ideas and developments for Blackpool and we will listen with interest to these latest proposals for a rainforest attraction in the resort.
'At this stage the Council's only involvement has been to provide an appropriate venue for the press launch- [but] we await with interest more details of the proposed investment and leisure offer, which is in the early stages.'