Wambach scored five goals at the London Games and Lloyd scored twice as the U.S. beat Japan 2-1 in the final.
Japan has three candidates, including 2011 winner Homare Sawa. Christine Sinclair of Canada, who led the Olympics with six goals, and five-time winner Marta of Brazil have also been nominated.
Pia Sundhage, who coached the U.S. Olympic team, and Norio Sasaki of Japan are among 10 candidates for the coach’s award.
Three-candidate shortlists are to be announced next month, with the winners to be named at FIFA’s annual gala in Zurich on Jan. 7.
The agreement is the first bilateral trade deal between the Gulf and South America