The study — which if approved would take about a year to complete — will investigate the possibility of putting a bike lane along Bloor from west of Keele Street in the city's west end to east of Sherbourne Street. The study will also examine installing a bike lane on Dupont Street.
In 2011, council voted to scrap a similar study.
CBC city hall reporter Jamie Strashin said the study will still need to be approved at council.
"It's expected to be a contentious issue, as all cycling issues are," he reported.
The study will also be complicated, due to the traffic congestion along the route.