Silverstone and Formula 1 have given themselves a deadline of the end of April to decide whether this year's British Grand Prix can go ahead as scheduled.
The race is due to be held at the Northamptonshire circuit on 17-19 July.
The first eight races of the F1 season have already been called off due to the coronavirus outbreak, and there's fears more races could also be cancelled.
In a joint statement, Formula 1 and Silverstone said they "remain in close dialogue" about the likelihood of the race taking place on the original date.
"Silverstone and Formula 1 remain in close dialogue regarding the ongoing situation and are assessing the feasibility of holding the British Grand Prix on 17th – 19th July," a statement read.
"We fully appreciate that other UK sporting events in July have taken decisions regarding their events, but it is important to highlight that their logistics and sporting arrangements differ from Silverstone’s and, therefore, our timeline gives us until the end of April to make a final decision.
"The safety of our fans, colleagues and the F1 community will be our priority and we will continue to engage with the appropriate authorities."
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