Williams hopes to secure a new engine deal with Mercedes from 2021, with deputy team principal Claire Williams revealing that productive talks are ongoing with the German manufacturer.
Recent speculation in the F1 paddock alluded to a potential change of engine supplier for the Grove-based outfit, with Williams rumored to be in advance talks with Renault.
Williams and Renault enjoyed a fruitful partnership in the past that yielded 64 wins and 5 Constructors' titles for the British outfit between 1992 and 1997, elevating Sir Frank's squad to the third most successful team in F1 behind Ferrari and McLaren.
However, Claire Williams all but dismissed an alliance with its former partner, insisting that its talks with current supplier Mercedes were following a positive course.
"There’s a lot of speculation about Williams at the moment," admitted Williams.
"We’re talking to Mercedes as you probably expect. Those conversations are going well, and we hope to be able to conclude a new partnership with them going into 2021.
"They’ve been a fantastic partner of ours, they’ve been very supportive, everyone knows that Toto [Wolff, Mercedes Team Principal] started his Formula 1 career at Williams.
"As such, we have a great relationship with him, and I would like that relationship to continue.
"I don’t know why people speculate around future or potential engine partners of ours, except to say maybe it’s a slow news week," she added.
"But there is. I know now what you’re going to write if I say this, but we’ve always had a great history with Renault, but our future is with Mercedes."