Red Bull have notified the FIA that they would be open to hosting a grand prix at the A1-Ring next year.
The 2013 schedule was shuffled to allow for another race in Europe in July after the proposed New Jersey race fell through.
It was believed that Turkey were the front runners to fill the opening, with a deal said to have been agreed upon pending government approval, but a return to Austria now appears a possibility.
The circuit, now the Red Bull Ring, last hosted a race in 2003 and despite some structural and logistical difficulties, Red Bull motorsport director Helmut Marko is confident that a plan can be made.
"We have made the FIA aware that there is we have a track with a full F1 license," Marko is quoted as telling Speed Week.
Marko added that concerns over a potential shortage of accommodation where "nonsense" and added that funding could be forthcoming from the government as the 40,000 capacity would not be enough to cover costs.
Red Bull own and have redeveloped the track which has since hosted races in the DTM championship and Formula 2.
