Michelin has submitted a bid to the FIA to become the sole Formula 1 tyre supplier from 2017.
The French tyre manufacturer has confirmed it has handed its proposal to the sport's governing body with the bid including a move to 18 inch lower profile, longer lasting tyres.
Michelin, who has been absent from F1 since its withdrawal in 2006, currently supplies tyres of a similar specification to the all electric FIA Formula E Championship and the FIA World Endurance Championship.
A brief statement from Michelin issued via social media confirmed the company's plans to secure the three year contract.
— MICHELIN Motorsport (@michelin_sport) June 16, 2015
Current tyre supplier Pirelli is set to go up against Michelin as the Italian firm looks to extend its relationship as F1 tyre supplier, which began in 2011.