Speaking to Absolute Radio's Polly James live from Hyde Park at BT London Live earlier this week, Young tipped Daley to do well at London 2012.
Asked if he was a fan of his body, Young said: "No, I'm not. No, I'm 33 and looking for something a bit older."
He also mused earlier in the interview: "You know, I could be his dad."
Of the Queen's acting debut alongside Daniel Craig in the James Bond segment of Danny Boyle's opening ceremony, Young added: "The Queen's acting was brilliant.
"I mean, she deserves an Oscar for that... The Queen could actually get an Oscar for being the Queen, how amazing would that be?"
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London 2012 Olympics - photo gallery