IndyCar could return to Brazil next year after officials held talks with event organisers in Brasilia.
According to the Associated Press, the Brazilian federal district government have released a statement confirming an IndyCar race will be held at the Autodromo Nelson Piquet circuit in the capital Brasilia from 2015-2019.
The deal was struck at an event in Sao Paulo on Friday.
Brazil has hosted an IndyCar race on the streets of Sao Paulo since 2010, before financial concerns saw it removed from the 2014 schedule.
IndyCar are yet to confirm the news but the organisation has issued a statement detailing the discussions surrounding the sport's possible return to the country in 2015.
“Brazil has a real history in Indy car racing and we would like to re-establish a championship race there as early as 2015,” said Mark Miles, CEO of Hulman & Co., the parent of INDYCAR.
“We are engaged in on-going discussions toward this goal and hope suitable arrangements can be finalised soon.
“There is still a lot of work to be done, but we are encouraged by the efforts from The Government of the Federal District – GDF and the Governor of Brasilia Agnelo Queiroz, as well as the TV Bandeirantes Group.
“We look forward to continuing these discussions as INDYCAR explores race markets and venues that will further the growth of the Verizon IndyCar Series,” Miles said.
The new IndyCar season begins on the streets of St Petersburg on March 30.