Bernie Ecclestone has once again sent out a warning to Monza to agree a new deal for the Italian Grand Prix as the axe continues to loom ahead of this year's race.

Despite its historic status, the Italian Grand Prix remains very much under threat as promoters struggle to reach a new deal with the commercial rights holder, with many fearing this year's race in two weeks' time could prove its swansong.

Indeed, while promoters have already stated it cannot afford to meet the fee levelled at it to host the Italian Grand Prix with assistance from outside investors, Ecclestone nonetheless remains steadfast in refusing to lower it.

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Speaking at Spa-Francorchamps, Ecclestone insists a contract has been drawn up and his ready to sign, but that it is the promoters that are hesitating.

"They've got a contract, all they've got to do is find a pen, it's easy. We'll see when we get to Monza. We had a deal with them two years ago, so if they just continue with that it's all OK."

Should Monza be unable to go ahead with the race, Imola - which hosted the San Marino Grand Prix between 1981 and 2006 - has signalled a desire to step in, even if Ecclestone hints he would rather it stay put.

"We're happy to be at Monza, obviously, but we're not doing cut price things."