Sources within the Italian media are reporting that Pirelli has got the nod from the F1 teams and F1 supremo Bernie Ecclestone to become the sole tyre supplier for 2011 and beyond.
Both Autosprint and Italiaracing are reporting that the Milan-based tyre supplier has won the rights to supply the teams with tyres in place of the outgoing Bridgestone, winning the race against fellow tyre manufacturers Michelin, Avon and Kumho.
Autosprint has confirmed that Pirelli will receive €1M from each team per season for the next three seasons, with identical attention and service to be provided to each team with a range of just three dry tyre compounds: hard, medium and soft.
The tyres will initially be designed with the current 13-inch diameter specification, but the marque hopes that a lower profile will be the option in the coming years.
It is expected that the World Motor Sports Council will announce the decision in the coming days.
Spain’s El Mundo Deportivo is also reporting that Pirelli will assume tyre supply duties for the GP2 feeder series, in addition to its current supply arrangements with the GP3 series and the World Rally Championship.
Pirelli last competed in Formula 1 in the 1991 season.