Henry Candy's star performer is among 15 horses declared for the Group Two over seven furlongs, but he will only run if connections are happy with conditions.
"We've declared him but he'll only run if the ground is suitable," said Candy.
Limato was a convincing winner of the Prix de la Foret last autumn. He has not run beyond six furlongs so far this season, over which he has been placed in both the Diamond Jubilee Stakes and the July Cup.
The going at Goodwood is currently described as good to soft, with little rain forecast for the week ahead.
Last year's winner Dutch Connection will try to defend his crown for trainer Charlie Hills, who has also declared Jallota.
Aidan O'Brien is double-handed with the much-travelled Cougar Mountain and recent Group Two winner Spirit Of Valor.
He is one of two three-year-olds in the field along with Dream Castle, trained by Saeed bin Suroor.
Hugo Palmer's Home Of The Brave bids to take his winning streak to three this campaign, while Dean Ivory runs his progressive grey Librisa Breeze, who was fourth in the Diamond Jubilee on his reappearance.
Others in a strong field are Aclaim, Breton Rock, Jungle Cat, Oh This Is Us, So Beloved, Stormy Antarctic and Suedois.