A deal has been agreed for the Nurburgring to host the 2013 German Grand Prix, according to Formula 1 supremo Bernie Ecclestone.
The future of the event had been in doubt for several months as financial difficulties threatened the Nurburgring ability to host a grand prix.
Ecclestone said on Monday that talks had 'regrettably' broken down because terms being offered by the track were 'not financially acceptable'.
Ecclestone has however confirmed to Reuters that a deal has been agreed and that a race will take place on July 7.
"I treasure the Nurburgring and its history," Ecclestone said in a statement on Thursday.
"In view of its long tradition, I was glad to support choosing the Nurburgring as the venue for the Formula 1."
The deal means 19 races have been confirmed for the 2013 calendar.
The vacant July 21 slot is yet to be filled, despite reported interest from Turkey, Austria and Portugal.
2013 Formula 1 calendar
17/03 Australian Grand Prix 24/03 Malaysian Grand Prix 14/04 Chinese Grand Prix 21/04 Bahrain Grand Prix 12/05 Spanish Grand Prix 26/05 Monaco Grand Prix 09/06 Canadian Grand Prix 30/06 British Grand Prix 07/07 German Grand Prix 21/07 TBA 28/07 Hungarian Grand Prix 25/08 Belgian Grand Prix 08/09 Italian Grand Prix 22/09 Singapore Grand Prix 06/10 Korean Grand Prix 13/10 Japanese Grand Prix 27/10 Indian Grand Prix 03/11 Abu Dhabi Grand Prix 17/11 United States Grand Prix 24/11 Brazilian Grand Prix