A €88 million deal to continue to hold the race at Monza for the next four years has been all but wrapped up.
Italian Grand Prix looks set to remain in Lombardy, as officials look to be have come to an agreement regarding the destination of the race for the next four years.
A four-year contract worth €88 million is on the table, which will see €22m paid for every edition of the race between 2017 and 2020.
There were rumours of a plan to take the GP to Imola, with F1 patron Uberto Selvatico Estense pushing for the race’s return to Tar del Lazio, but it seems this has not materialised.
Last week Imola has filed legal action as it steps up its bid to host the Italian grand prix from 2017.
Recent reports claimed Bernie Ecclestone had inked a deal with the former San Marino GP venue, but the contract could not be signed off because it lacked the endorsement and backing of the Italian automobile club Aci.
2016 Italian Grand Prix will take place on September 4 in Monza, where it will continue to remain until at least 2020.
Main Part of News Adapted from La Gazzetta dello Sport