Sergio Perez has declared he is talking to “a few parties” as he weighs up the possibility of returning to the F1 grid.
Perez endured a disastrous final F1 campaign with Red Bull last year as the two opted to part ways at the end of the season.
Since Perez's exit, an 11th team has been confirmed on the 2026 F1 grid in Cadillac, which has been linked as a potential destination for Perez.
Mario Andretti, who is serving on the team's board of directors, recently confirmed Perez as an option for the American squad.
Although his final season with Red Bull produced various challenges, Perez admitted he could be tempted back to the grid.
“If I find a project that motivates me fully to come back, where the team believe in me and where they appreciate my career, my experience and everything I can bring to a team, it would be very attractive to consider it,” he told F1.com.
“That’s why I’ve given myself at least six months to get all my options on the table and make a decision on what I do next with my career.”
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Perez eyes 'motivation' in F1 return decision
However, Perez has hinted it is not only Cadillac who has shown interest in acquiring his services.
“There are a few very interesting projects out there,” he added.
“I’ve been approached by a few teams since Abu Dhabi. Right now, the season has started so a few things will open up in the coming months.
“We are talking to a few parties out there. Once I know all my options, I will make a decision. What is very clear to me is that I’m only coming back if the project makes sense, and it’s something I can enjoy.”
Perez sits as one of the most experienced drivers in F1 history, with the ongoing season the first grid since 2010 not to feature the Mexican driver.
With the break offering him a chance to spend more time with his family, Perez asserted he will only return to a project that offers him motivation.
“I’ve spent a long time in F1 already, I’ve done most of it.
“Once you step back, you realise how much you give up in life to be in the sport. So, to be in F1 fully committed, I need the motivation.”
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