  We used a combination of deep optical and Halpha images of the Galactic
globular cluster NGC 6440, acquired with the Hubble Space Telescope, to
identify the optical counterpart to the accreting millisecond X-ray pulsar SAX
J1748.9-2021during quiescence. A strong Halpha emission has been detected from
a main sequence star (hereafter COM-SAX J1748.9-2021) located at only 0.15"
from the nominal position of the X-ray source. The position of the star also
agrees with the optical counterpart found by Verbunt et al. (2000) during an
outburst. We propose this star as the most likely optical counterpart to the
binary system. By direct comparison with isochrones, we estimated that COM-SAX
J1748.9-2021 has a mass of 0.70 Msun - 0.83 Msun, a radius of 0.88 pm 0.02 Rsun
and a superficial temperature of 5250pm80 K. These parameters combined with the
orbital characteristics of the binary suggest that the system is observed at a
very low inclination angle (~8 deg -14 deg) and that the star is filling or
even overflowing its Roche Lobe. This, together with the equivalent width of
the Halpha emission (~20 Ang), suggest possible on-going mass transfer. The
possibile presence of such a on-going mass transfer during a quiescence state
also suggests that the radio pulsar is not active yet and thus this system,
despite its similarity with the class of redback millisecond pulsars, is not a
transitional millisecond pulsar.
