The Nurburgring has tabled an offer in the hope of keeping the German Grand Prix alive in 2015.
Nurburgring spokesman Carsten Schumacher has revealed that the circuit, which according to the official F1 calendar is due to host the race this July, has made a new proposal to Ecclestone in a bid to end the uncertainty.
"We made an offer to Bernie Ecclestone and we are awaiting his response," he told Motorsport Aktuell.
Explaining the proposal, Schumacher said Ecclestone would "organise the Grand Prix of Germany and also collect all the profits".
It is unclear if Ecclestone will agree to the deal.
The F1 paddock - and particularly Germany's prominent representatives including Mercedes, Nico Rosberg and Sebastian Vettel - had reacted with concern to cclestone's news that it is possible neither the Nurburgring or Hockenheim can afford to host Formula One this year.
As things stand, however, television and trackside audiences in Germany have been dwindling, leaving Hockenheim struggling to limit its financial losses.
The Nurburgring is struggling for mere survival amid an ownership crisis.