The same news was reported by several sources prior to the Turkish GP, but Michelin then made a last-ditch attempt to woo the teams by calling a conference in the paddock of the Istanbul Park circuit.
Once more, after yet another non-grand prix week of discussions, it is believed that Milan-based Pirelli has secured the deal. As was also the case prior to Turkey, it is more than one source within the Italian media that is hinting at the latest development.
The authoritative daily La Gazzetta dello Sport, for one, claims that the final touches are being made to a agreement that will be signed by the end of the week. Prior to Turkey, it was reported that the Pirelli contract for 2011-2013 was to cost teams 1 million euros apiece per season, in exchange for identical attention and service and a range of just three compounds: soft, medium and hard.
At least primarily, the tyres will be in a like 13-inch specification to the current Bridgestone product, with a longer-term ambition being a move to a low profile.
It had also been reported that Pirelli, already the supplier of the new GP3 series as well as world rally, is likely to also supply GP2 next year.