Former Formula One team owner Eddie Jordan is believed to be set to join the presenting team on the new look Top Gear, alongside Chris Evans and Matt LeBlanc.
Jordan, 67, founded the racing team Jordan Grand Prix in 1990, before selling it in 2005 and hosting the BBC’s Formula One coverage from 2009 to 2015.
The Dublin-born racing expert is a longstanding friend of Evans, and is said to be close to finalising a contract to join the BBC 2 programme.
American actor Matt LeBlanc and Chris Evans, along with The Stig.
American actor Matt LeBlanc, famed for his role as Joey Tribbiani in Friends, was announced as the second new host last week.
The 48-year-old has appeared on the motoring show as a guest several times and holds the track record for fastest celebrity in the star in a reasonably priced car slot.
Racing driver Sabine Schmitz and journalist Chris Harris are expected to be named as semi-regular presenters alongside other motoring personalities to make up a Top Gear "family" in a pyramid structure with Evans at the top.
Jordan was introduced to karting in 1970 in Jersey when he moved there as a bank clerk and started a driving career on his return to Ireland.
He won karting and Formula Ford races but quit after multiple accidents to set up his own team in 1980.
Speaking to Chris Evans on his Radio 2 Breakfast Show, LeBlanc said he had been “ducking paparazzi” since the announcement.
"I can't believe the response. I mean I knew Top Gear was a big show, but, wow, it was on the front page of The New York Times, did you know that?"
The new show is expected to film around the world, starting in South Africa.
Evans was announced as the show’s new host last year after Jeremy Clarkson’s contract was not renewed following a “fracas” with one of the show’s producers, Oisin Tymon.
The BBC has declined to comment on Jordan’s rumoured appointment.