Bernie Ecclestone has admitted the idea of a Finnish grand prix might not be "realistic".
In August, Ilta Sanomat newspaper reported that the F1 supremo had talks with potential race promoters over the weekend of the Hungarian grand prix.
Finland has a rich tradition of successful F1 drivers, including current racers Kimi Raikkonen and Valtteri Bottas, despite its population of less than 6 million people.
Ecclestone recently renewed F1’s television deal with the Finnish broadcaster MTV, and the nearly 85-year-old hailed the country’s fans for "always being loyal".
As for the idea of a Finnish grand prix, the diminutive Briton said: "I don’t know whether that’s realistic, but I would like to see it happen.
"We have fans on that side of the world and so we should be there."