Bernie Ecclestone is interested in securing the former Turkish grand prix venue in Istanbul, the Hurriyet daily reports.
The newspaper said a tender is scheduled to take place next Wednesday.
The Istanbul Park circuit hosted formula one races between 2005 and 2011, and although poorly attended the Hermann Tilke-penned layout was lauded particularly for its challenging quadruple-apex turn 8.
But Turkey fell off the F1 calendar for 2012, after local organisers and F1 chief executive Ecclestone failed to agree a new higher race sanctioning fee.
Hurriyet now cites "sources" in reporting that Ecclestone is among those interested in bidding for the circuit.