A redeeming investor for the embattled Campos team is reportedly set to be announced on Tuesday.
Amid rumours the Spanish outfit is unable to pay its bills to its suppliers, including Dallara and Cosworth, an insider told Germany's Auto Motor und Sport: "Within the next 24 hours we will announce our new investor".
However, suggestions that the investor is A1 chief Tony Teixeira have run out of steam, with multiple sources agreeing that the South African's promised money did not materialise.
A Spanish newspaper said last week that Volkswagen, as well as Bernie Ecclestone and Adrian Campos' existing business partner Jose Ramon Carabante, had joined forces to rescue the Valencia based team.
"I know the story only from the internet, and because I called our (Dakar rally) driver Carlos Sainz at the weekend to tell me what was reported in the newspapers," said VW's sports director Kris Nissen.
Former Force India team boss Colin Kolles has also denied his involvement, while the latest well-known name linked with Campos is Geoff Willis.
Briton Willis, the 50-year-old former Honda and Red Bull technical head, attended last week's Jerez test, and one photographer's long lens captured the word 'Dallara' on his notepad.