Italian media sources are reporting that Pirelli will be F1’s sole tyre supplier in 2011 and beyond.
Autosprint and Italiaracing say the Milan-based marque has been selected by the teams and F1 chief executive Bernie Ecclestone to replace the departing control supplier Bridgestone.
Reportedly also in the running had been Michelin as well as minor contenders Avon, Kumho and Hankook.
When asked to nominate his preference, Ferrari president Luca di Montezemolo said this week: "As an Italian I prefer Pirelli, but experience tells me Michelin.
"In the end it will be the same for everyone," he said in an interview with La Gazzetta dello Sport.
Autosprint said Pirelli will be paid 1 million euros per team per season in 2011, 2012 and 2013, in exchange for identical attention and service and a range of just three compounds: soft, medium and hard.
At least initially, the tyres will be in a similar 13-inch specification to the current Bridgestone product, with a longer-term ambition being a move to a low profile.
The decision is set to be confirmed shortly by the World Motor Sport Council.
Spain’s El Mundo Deportivo reports that Pirelli, already the supplier of the new GP3 series as well as world rally, is also likely to supply GP2 next year. Pirelli was last in F1 in 1991.