Michelin has revealed that it could make a return to F1 next year, with 'formal discussions' having taken place with the FIA about a comeback.

Michelin quit the sport at the end of the 2006 season due to the decision taken by the governing body to introduce a single-tyre supplier from 2008.

Bridgestone secured that three-year deal but will leave F1 themselves when the current deal expires at the end of the year with the possibility that Michelin could make a return and had held talks with the FIA.

"We might consider returning but there are some very clear conditions," Michelin managing partner Jean-Dominique Senard told Bloomberg before insisting that rules on tyre use would have to change to "show the performance they can bring, notably in terms of fuel saving and CO2 reductions.

"The major point is to make sure the tires show what they can bring to the automotive industry."

The FIA has refused to comment on the report.