There are currently nine free parking spaces at the Market Cross, and if turned into a pedestrian-only area, would mean the loss of these spaces either some or all of the time.
Malmesbury Town Council will be releasing a pilot survey next month which will ask for views on a number of options.
These range from no pedestrianisation other than for the Friday Market and special events, suspension of parking for some weekends and Sundays, or permanent pedestrianisation.
The pilot survey, which has been developed by Councillors Mario Asciak, John Grundy and Kim Power of the Planning and Environment Committee will run from June 1 to June 30.
Survey forms will be available in the Town Hall, the Library, and some shops and other locations around the town.
It will also be available on the Town Council's website: www.malmesbury.gov.uk.
The results will help the Town Council decide whether a more detailed investigation into the potential pedestrianisation of the Market Cross needs to take place.
Cllr Grundy, said: "It is important that we hear from as many people as possible.
"Once we have looked at the survey results we will decide on whether a more formal consultation is needed."