Ferrari hopes for swift end to F1's Resource Restriction Agreement row

On the back of Red Bull Racing and Ferrari leaving the Formula One Teams' Association (FOTA) because of the failure to reach a deal on the matter, further discussions have taken place between the two outfits and McLaren and Mercedes GP to try and hammer out a solution.

Ferrari team principal Stefano Domenicali revealed at his team's Wrooom media event at Madonna di Campiglio on Wednesday that more talks were planned for next week - which come ahead of crucial discussions about the framing of a new Concorde Agreement.

Speaking about the future of both Ferrari's position in FOTA and the RRA, Domenicali said: "We believe in FOTA and we believe FOTA has achieved a lot of important achievements, but last year we did not achieve what we thought.

"For sure one of the areas where we discussed a lot, and did not find a conclusion, was the RRA....[but] we are trying to find a way out for this. We want to make sure that this is a fundamental element to look to the future.

"We are working hard with the major teams - and next week we will have some other meetings. So in February we should have some answers that are important not only for this season but also for the future."

Domenicali said that the key issues to resolve were on reaching a definitive verdict on whether teams were operating to the original RRA, or the revised 'Singapore' version that was agreed in 2010.

There were also issues relating to penalties for those teams that overspend, and on whether or nor the FIA should get involved in policing it.

Although there has been speculation in recent weeks that Ferrari may already have a deal in place with Bernie Ecclestone relating to Concorde, Domenicali insists that no such agreement had been reached.

"In the next few months we are going to start talking about the renewal of the Concorde Agreement," he said. "We do not have other offers around. We have not seen any offers, and no proposals have come, so in the forthcoming days we are going to start talking to see if we can meet around the table and discuss the future of F1.

"In terms of the actors, in terms of the regulations and the financial [situation] we are going to have to talk about many different things."