Yamaha bosses remain optimistic that an extended MotoGP deal for impressive American Ben Spies will be finalised in the near future.
Yamaha management and representatives of Spies have been locked in talks over a new deal for the 26-year-old for several weeks.
The 2009 World Superbike champion is under contract to Yamaha for the 2011 MotoGP world championship but discussions have taken place about a possible extension to the end of the 2013 season.
Spies has made it clear he sees his long-term future with Yamaha while management are keen to secure the Texan on a longer deal after he produced a brilliant rookie MotoGP season in 2010.
Spies was Rookie of the Year and leading non-factory rider with podium finishes in Silverstone and Indianapolis highlights of a stunning season.
Yamaha boss Lin Jarvis told MCN: “We are progressing and we have a very good relationship with Ben and his management and I’m optimistic that in the not too distant future we will be able to extend Ben’s contract.”
Spies will join new world champion Jorge Lorenzo in Yamaha’s factory squad next year.