Alfa Romeo Formula 1 junior Tatiana Calderon says she has "no interest" in competing in the W Series, as she faces the prospect of a year on the F2 sidelines.
Calderon raced for Arden in F2 this season, finishing 21st in the standings without scoring a point.
Arden's F2 entry has been purchased by HWA for 2020, and the new squad has already announced Ferrari junior Giuliano Alesi and eight-time series race winner Artem Markelov as its driver line-up.
"We don't have any defined plans yet, I'm still staying out for testing [the post-season Abu Dhabi test from December 5-7] to see if something comes up but to be honest it's looking very difficult to stay in F2," Calderon told Autosport.
"The budget is a big issue at the moment as well.
"So we are looking at other opportunities at the moment, still with the mind that I want to reach F1.
"But maybe a year off, see what the new car looks like with the other wheels [F2 will use 18-inch wheels in 2020] and a few upgrades.
"Hopefully we'll have more news at the end of this week."
Calderon attended the W Series driver selection test at Almeria in September earlier this year in an advisory role.
Asked whether competing in the all-female series was of interest due to her potential F2 sabbatical, Calderon said: "No, I'm not interested."
Asked what her most likely destination was for 2020, she added: "More endurance probably but you never say never.
"[I'm] still looking at America, any opportunity that still comes around to drive different cars, what I love is driving.
"Of course I want to do F1 but there are other routes to F1. So, having a look at Formula E as well, I know it's not for racing but maybe to get a role there would be really cool as well."
Columbian Calderon raced in America earlier in her career, finishing sixth in the Star Mazda series in 2011. She has raced predominantly in Europe since then.
"That [IndyCar] would be very interesting apart from the ovals, because I'm not a big fan of those," she said, when asked about IndyCar.
"They have Indy Lights, I would love to have a go and test and see if there are more opportunities in the US."
Christian Lundgaard, who Autosport understands will take the second F2 seat alongside Ferrari junior Marcus Armstrong at ART Grand Prix, will test with the team this week in Abu Dhabi.
Armstrong and Lundgaard will replace Mercedes Formula E driver and 2019 F2 champion Nyck de Vries and his team-mate Nikita Mazepin at ART.
Mazepin will drive on all three days of the test with Carlin, though he is unlikely to drive with the team next year as its seats are already taken.