Honda could be looking to return to formula one in 2014, according to Germany's Auto Motor und Sport.
The report said the Japanese manufacturer, having pulled out of formula one as an engine and chassis maker in 2008, might reunite with McLaren, the currently Mercedes-powered team.
Between 1998 until 1991, Honda won four consecutive world championships with the famous British team.
"The chances are good that with the introduction of the turbo V6s in 2014, Honda will celebrate a comeback with McLaren," read the German report.
The Woking based team's current engine supplier Mercedes, formerly a McLaren co-owner, will actually charge McLaren for the use of its 2.4 litre V8s in 2013, the report added.
"A senior manager said at Suzuka that technically Honda is getting ready to return with a turbo V6 from 2014. Only the green light of the board is missing," said Auto Motor und Sport.