Haas will on Tuesday announce their driver line-up for their debut campaign with Romain Grosjean expected to take one of the seats.
The American team, who won the race to become F1's 11th team, have called a press conference for Tuesday.
It will take place at 3pm GMT at Haas' headquarters in North Carolina.
Lotus driver Grosjean is expected to take one of the seats while a Ferrari test driver, Esteban Gutierrez or Jean-Eric Vergne, is believed to be set for the other.
Having signed a technical partnership with Ferrari for the 2016 season, Haas have stated on several occasions that a Scuderia driver is likely to be in their line-up.
Of the two, Gutierrez is thoughts to be the favourite giving his backing from Mexican telecommunications giant Telmex.
Fans, though, will have to wait until Tuesday for confirmation.