Former Top Gear presenters Jeremy Clarkson, Richard Hammond and James May have reportedly met with ITV bosses to discuss the possibility of signing with the broadcaster.

Clarkson’s contract was not renewed by the BBC in February, following his attack on the hit show’s producer Oisin Tymon, and speculation has been rife as to what is in store for the presenting trio next.

The Daily Mirror has reported that Clarkson, Hammond and May visited the home of ITV director Peter Fincham in West London on Wednesday.

They were said to be joined by Top Gear’s former executive producer Andy Wilman and ITV’s entertainment chief Elaine Bedell, a former colleague of Clarkson’s.

Bookmakers have slashed the odds of the former Top Gear team presenting a new motoring show on ITV by the end of 2016 to 2/1.

An ITV spokeswoman said: “We haven’t commented, and aren’t planning to comment, on the continual Top Gear speculation which is swirling around the television industry.”

I took this today..... pic.twitter.com/7UOIeWpWZB — Jeremy Clarkson (@JeremyClarkson) May 5, 2015

Clarkson, Hammond, May and Wilman are also believed to have had talks with a streaming service, such as Amazon or Netflix.

The BBC plans to relaunch Top Gear with new presenters.