Scuderia Ferrari boss Mattia Binotto says the Italian outfit is in the process of working on new concepts for its 2019 car to help the team bridge the gap with Mercedes.
Singled out as the clear favourite at the start of the year, Ferrari has failed to live up to expectations, performing occasionally on a par with its German rival but unable to consistently challenge the latter's supremacy on race day.
After last week's in-season test in Barcelona, Binotto underlined the crucial role played by this year's Pirelli tyres, a recurring theme up and down the grid this season.
"Last week’s testing in Barcelona and analyses carried out in Maranello confirmed just how much this year’s tyres, which are very different to those we had in 2018, require different mechanical and aerodynamic settings to work properly," said the Swiss.
"We are already working in Maranello on evaluating new concepts, as well as bringing some initial further updates here.
"This Grand Prix is celebrating its 90th anniversary, as indeed is the Scuderia, which makes this weekend even more special.
"It’s a very different sort of race, where the track characteristics that can shake up the order could be jumbled up still further this weekend.
"As usual, qualifying will be very important because of the fact it’s almost impossible to overtake.
"Of course, Monaco is Charles’ home race and we know how much it means to him. It means a lot to us too."
During his Monaco Grand Prix preview, Binotto also expressed the sadness felt by the Scuderia following the passing Niki Lauda, of one of its greatest past representatives
"The run up to this Monaco Grand Prix has been perturbed by our sadness at the news of Niki’s death," said Binotto.
"His straightforward no nonsense approach will be missed in Formula 1 and it will seem strange for all of us not seeing him in the paddock.
"Niki was a standard bearer for Ferrari and for Formula 1 and he pushed through changes in motor racing that made it even more professional, being ahead of his time in terms of being a stickler for detail which is now very much a key element of our sport."
Gallery: The beautiful wives and girlfriends of F1 drivers
Keep up to date with all the F1 news via Facebook and Twitter
Ferrari and Mercedes have both modified their car’s floor element in Las Vegas to comply…
Lewis Hamilton put Mercedes on top of the timesheets for the second time in Las…
Full results from Free Practice 2 for the Las Vegas Grand Prix at Las Vegas,…
Charles Leclerc believes that Ferrari has a genuine “shot” at beating rival McLaren to Formula…
Haas team principal Ayao Komatsu has revealed that nine Formula 1 teams stand in opposition…
Lewis Hamilton and George Russell led the field in a chilly but trouble-free first practice…