McLaren Racing Director Eric Boullier has revealed that the Formula One team is close to securing a new title sponsor.
Earlier this year, McLaren Group CEO Ron Dennis hinted that the Formula One team would announce a new title sponsor at some point during the season.
During a McLaren phone-in earlier this week, Boullier revealed to reporters that negations regarding the new sponsorship deal remain ongoing.
"The plan Ron discussed [with regard to a title sponsor] is happening. But until we have signed the package, signed the final contract, nothing will be announced or changed," Boullier said when asked about the status of the proposed deal.
"[And] as long as we are in that position we will keep going with what we are doing now."
Currently, McLaren are without a title sponsor after their contract with Vodafone was concluded at the end of the 2013 season.
So far this year, the Woking outfit has used the logos of various sponsors on the sidepods of the MP4-20, including Mobil 1, Esso, Gulf Air and SAP.