The beer was found in a shipwreck near the Aland islands in Finland.
The scientists admitted that the drink "had not stood the test of time well", but they remained optimistic.
Talking to Reuters, Annika Wilhelmson from the research centre said: "Based on the chemical analysis we made of the beer, and with help from a master brewer, it would be possible to try to make beer that would resemble it as much as possible."
Upon discovering the ship in 2010, the world's oldest drinkable champagne was also found.
That beverage was sold for £46,162 ($74,000) at auction last year.
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