The virus, which originated in the Chinese city of Wuhan, has infected more than 64,000 people worldwide and claimed 1,383 lives.
The current advice from the World Health Organization (WHO) states that “there’s no case for any contingency plans of canceling the Games or moving the Games,” according to International Olympic Committee (IOC) member John Coates.
Coates added he is confident the Olympics, which are due to begin on July 24, would go forward unhindered.
“We continue to monitor particularly the Chinese that will be coming here,” he said.
“The Chinese team are mostly out of China now — the athletes and officials for training and qualifying events.
“If they are planning to come, I don’t see a problem with them coming from another country other than China.”
A number of sporting events in Asia have already been affected by the coronavirus outbreak.
The Chinese Grand Prix scheduled for April 19 was postponed this week, and the Hong Kong and Singapore Sevens rugby events, also due to take place in April, have been moved to October.
The LPGA has also canceled two golf events in Thailand and Singapore that were scheduled to tee off later this month.