Pirelli has expressed an interest in F1 © Sutton Images Enlarge Related Links News:

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Pirelli is set to put forward a bid to return to Formula One as a tyre supplier next year.

Last week Pirelli said it would look into F1 if certain conditions were met over future tyre regulations, including a move from 13 inch rims to 18 inch. Michelin and Cooper Avon have already approached the teams and the FIA with proposals for tyre supply in 2011 and now Pirelli will present its proposal at the next grand prix.

"Pirelli communicates its decision to present a technical and commercial offer for supply of tyres to all the teams in the Formula One world championship," said a statement from the manufacturer. "The company plans to present the bid to FIA (Federation Internationale de l'Automobile) and FOA (Formula One Administration Limited) by 9 May, the date of the next Formula One Gran Prix to be held in Spain."

Pirelli was last in F1 between 1989 and 1991