Bernie Ecclestone has not given up on F1’s scheduled return to the Nurburgring in 2013.
The financially-embattled venue is scheduled to host the July race, but it is also possible Hockenheim could step in at the last minute.
"I am doing my best to make sure we do not lose formula one in Germany," Ecclestone, 82, is quoted by the Allgemeine Zeitung.
The newspaper said it knows negotiations are still taking place between Ecclestone and Nurburgring officials, but that a deal is not yet signed.
"Whether he (Ecclestone) will sign in the coming days, he did not say," the media report explained.
Nurburgring official Karl-Heinz Steinkuhler would not comment.