FIA president Jean Todt who will conclude his term at the helm of the governing body this month is reportedly in talks with Ferrari over a consultancy role with the Scuderia.
A report from Italy's Corriere della Sera claims that Todt has been approached by Ferrari chairman John Elkann who has offered the 75-year-old an advisory role similar to the one enjoyed by the late Niki Lauda at Mercedes.
Todt's sensational return to the House of Maranello - a move likely to be frowned upon by the Scuderia's rivals - would no doubt allow Ferrari to boost its political weight in F1, but it would also help alleviate the burden of responsibilities that currently sits with team boss Mattia Binotto.
From 1993 to 2008, Todt enjoyed a successful 15-year spell with Ferrari that saw the Frenchman mastermind the Scuderia's return to championship winning status.
Although it took the better part of six years for Ferrari to build its success, the Italian outfit was the sport's dominant force from 1999 to 2004, with the Scuderia winning six consecutive Constructors' championships under Todt's leadership and five Drivers' titles that were the exclusive ownership of Michael Schumacher.
Todt guided Ferrari to two more world crowns in 2007 and 2008 before leaving Maranello and assuming the Presidency of the FIA in October 2009.