Former formula one world champion Jacques Villeneuve's NASCAR foray may soon be back on track.

After losing his BMW-Sauber Seat in 2006, the 1997 title winner last year began racing American stock cars for Bill Davis Racing with a view to undertaking a full season in the premier category this season.

But after a handful of disappointing outings, he lost his ride due to a lack of sponsorship.

It is reported this week in the French language Canadian newspaper La Presse, however, that 37-year-old Villeneuve is looking to team up with his former CART team boss Barry Green, and Canadian GP promoter Normand Legault, in a bid to rejuvenate his NASCAR foray.

The daily publication said the collaboration needs sponsorship, but could link up with an existing team, such as Chip Ganassi Racing, who lured Juan Pablo Montoya from F1 to America's most popular form of motor sport in 2006.

"It's something we are still working on," Legault confirmed, "but we are very optimistic."

Source: GMM