Cr Italiano said he approached Perth Lord Mayor Lisa Scaffidi last week about the possibility of moving the statue to Stirling after discovering it was in storage.
The Stirling Mayor said he believed the council would foot the bill for the statue�s transportation.
Ms Scaffidi said the statue, that stood at the front of the R&I Bank building on Barrack Street since 1979 before being relocated to Perth Town Hall in 2003, was City of Perth property and only the Perth council could decide its location.
�The future of the Governor Stirling Statue is expected to be discussed by council in the near future, including finalising a new location,� she said.
�As the matter is yet to be discussed by Council, it would be inappropriate to comment as to whether Perth City Council would gift the statue to the City of Stirling.�
Cr Italiano said if Perth could not display the Governor Stirling Statue, Stirling would.
�If the City of Perth doesn�t have a place for him, I can tell you we have a place for him right across from my office in the Stirling Civic Gardens,� he said.
�The City of Stirling was named after Governor Stirling and I feel that he is precious to us; if it wasn�t for him, we wouldn�t be what we are.
�If there is any way, shape or from we can have the Governor Stirling statue placed in our gardens temporarily or permanently, we would be grateful because it�s suited to our name and suited to our locality.�
Ms Scaffidi said neither a new site, nor the time of reinstallation, had been decided for the statue.