A feasibility study has been carried out and reports in the London Evening Standard suggest F1 boss Bernie Ecclestone has applied for a pan-European trademark for the title ‘Formula Gran Premio di Roma’.
The race will accompany the Italian Grand Prix in Monza and a trademark application was filed last month, a crucial step in staging the event.
The area suitable for the 4.6km circuit is the financial south-west of the ancient heart of Rome that has been widened to accommodate heavy traffic.
Holding an F1 race in Rome was the dream of the late Enzo Ferrari, founder of the eponymous car company and the inaugural Rome race is expected to be held in 2011, 23 years after his death.
The race in this country is due to move from Silverstone to Donington next year but this is now in question after a key financial backer reportedly pulled out of the project
leaving a hole in its £100m budget.