Franz Tost says talk of Renault potentially buying Toro Rosso would be a "fantastic opportunity" for the Formula 1 team.
With tensions between Renault and lead team Red Bull Racing continuing to grow, the engine manufacturer is considering its future in Formula 1.
One option is to walk away from the sport while another is a purchase an existing team and become a full works out.
Toro Rosso, who already use Renault engines, have been billed as the most likely team to buy, a thought that has Tost smiling.
"I think this would be a fantastic opportunity for Toro Rosso to make the next step forward," said the STR team boss.
"The team wants to be established in the future within the first five in the Constructors’ Championship and to be part of a manufacturer, to work together with a manufacturer, to be owned by a manufacturer would be exactly this step forward which the team needs to be established in the first five."