Formula One could be staged in Rome by 2012.
A preliminary document has been presented to Rome mayor Gianni Alemanno and he is hoping the sport will come to the Italian capital in the near future.
“The GP of Rome in Formula One can be held and it will have an extraordinary financial and image impact for the city,” Alemanno said.
A number of cities are keen to host races in motor sport’s world championship.
Last year saw Singapore and Valencia stage their first Formula One races.
“First we will need to create a campaign committee that would involve delegates from the regional, provincial and citizens’ institutions in order to launch our official candidature,” Alemanno said.
To have a Formula One race in Rome was one of the dreams of Enzo Ferrari, founder of the motor sport giants.
“It was in 1984 that he asked me to hold a GP in Rome,” said World Superbikes rights holder Maurizio Flamini, who is behind the project.
“Our aim would be to guarantee at least four or five editions of the race.
“We want a fast track and I am enthusiastic about the design which includes three points where you would be able to overtake.”
The circuit is planned for Rome’s financial district EUR and the length of the track would be 4.66 kilometres.
Italy has Monza in the annual Formula One calendar but the San Marino Grand Prix was excluded in 2006.