Superfund team principal Alex Wurz says his outfit remains on the reserve entry list for the 2010 Formula 1 championship.
Wurz had submitted an entry to compete with the new team next year, but his entry was not selected by the FIA on Friday.
However, with uncertainty about the position of the FOTA teams, some of the squad not entered are still on the reserve list in case some of the current teams drop out.
Wurz said Superfund was on that list.
"I'm not exactly sure what it depends on," Wurz told AUTOSPORT at Le Mans. "There is a deadline on June 19, so there are a few days more of due diligence to do on the team entries.
"The FIA asked Team Superfund to be in a reserve position, and they will keep on talking to the team and then a decision will be made."
The Austrian driver said he was unsure about the future of the project should the team not enter F1 in 2010.
"We have to see. This year I am still doing the Peugeot and I am under contract with Brawn. I have my company to run, so I am pretty busy anyway."