Ferrari and McLaren, historically Formula One's two most successful teams, signalled on Friday they were ready to sign a new 'Concorde Agreement' governing the sport's future.
The current commercial agreement, setting out the terms under which teams race and the share of revenues, expires at the end of 2020 and the new one will run to 2026.
"As far as Ferrari, we are ready to sign. We would like to sign it I think even quite soon," team boss Mattia Binotto told a video news conference at the Hungarian Grand Prix.
"Looking ahead with clarity is important.