Ex-F1 champion Jacques Villeneuve could be making a comeback to the sport, but as a team owner. The 39-year old Canadian, who won the title in 1997, is said to have submitted an application for the 13th slot on the Formula 1 grid under the name Villeneuve Racing.

German publication Auto Motor und Sport, which first broke the story, suggested that ex Renault team bosses Flavio Briatore and Pat Symonds, who exited the sport due to the Crashgate scandal, are involved with the project. Other suggestions include a partnership with former GP2 team Durango, which announced its F1 bid earlier this year.

“I’ve never made it a secret that I’m working hard on an F1 project. But I’ve not discussed the details or what my plans were and I won’t be drawn on it now. I’m not commenting,” Villeneuve told the BBC. “There is an element of truth in the rumours,” said Villeneuve’s manager, Rick Gorne. “It’s a project we’re working on.”

So far, we’ve heard of a few contenders for USF1’s 13th slot; among them are Spanish team Epsilon Euskadi, French team ART Grand Prix, Italian based Durango and the American Cypher Group. The FIA is expected to announce the winning applicant next month.