“May I urge the council to begin preparations for the final to be publicly screened in a suitable and accessible location,” Yip said.
“This would represent a historic moment not only for the football club but for Birmingham itself.”
The match will be Aston Villa’s first European final since they won the European Cup in 1982 by beating Bayern Munich 1-0 in Rotterdam.
Thousands of supporters are expected to travel to Istanbul for the final, with huge demand for flights and accommodation in the city after the club secured their place.
Yip added holding an event would “bring together residents from every background in a safe environment” and reinforce Birmingham’s reputation as a city “capable of hosting and managing major public events”.
He added: “Villa’s famous 1982 European Cup triumph remains one of the proudest moments in the city’s sporting history and another European final would place Birmingham firmly back in the international spotlight.
“A public screening in the city would create an inclusive and family-friendly celebration accessible to supporters who may not be able to travel abroad for the final.”