With the South American nation qualifying for the 2018 World Cup, ending a 36 year drought by beating New Zealand in the intercontinental play-off, reports now suggest they could be stripped of their place.
Peru's spot at the FIFA World Cup is in danger following reports the Peruvian government plans to take control of its football association.
However, should Peru lose their spot, the door could be opened for the All Whites to replace them.
Peruvian national newspaper Libero is reporting congresswoman Paloma Noceda has proposed a new bill, which will put the football association under control of the Institute of Sport. The All Whites could claim they would be the fairest decision since they were knocked out by Peru.
"I don't read any meaning to the new rankings".
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Colombia, who finished one position below Peru in the Conmebol qualifying table, could be another team in line to replace Peru in the unlikely case they are barred.
Italy, ranked 14th in the latest, were knocked out in the UEFA qualifying playoffs by Sweden, however Federation Internationale de Football Association regulations state only 13 European teams can play at a World Cup.
A Fifa spokesperson told BBC Sport: "Fifa sent a letter to the Peruvian FA on 23 November 2017, informing them that the current draft of the Peruvian Sports Law, which was presented to the respective committee of the Peruvian congress on 2 October 2017, includes certain items that, if implemented, would contravene the Fifa Statutes".
Having leaped from 44th to 41st spot in the rankings last month, a similar or greater leap was expected for the Nigerian team as they recently drew 1-1 at Algeria in a World Cup qualifier and defeated two-time World Cup winners, Argentina 4-2 in an global friendly.