A deal has now been reached to see a Bulgarian grand prix held near the southeastern European republic's capital Sofia.
"We have signed a contract for the MotoGP race, and we also have reached an agreement on a formula one race," Bulgarian politician and motor racing organising committee chairman Rumen Petkov told the Trud daily.
He suggested a single circuit will be used for both premier racing series.
The MotoGP contract is for the circuit to be completed by January of 2011, and the reports about F1 indicate a race in either 2011 or 2012.
