Kevin Magnussen is reportedly in talks with Renault about replacing Venezuelan Pastor Maldonado or Jolyon Palmer in the team this season.
Having taken over Lotus, there has been speculation the French carmaker might be re-thinking the Enstone team's contracts with Maldonado and Jolyon Palmer.
But it was British rookie Palmer who was believed to be most in danger, as Maldonado is backed by a reported $50 million a year in the form of controversial sponsorship by the Venezuelan state oil company PDVSA.
PDVSA, however, is embroiled in a corruption scandal, and Britain's Telegraph newspaper confirms that the "political uncertainty in Venezuela" has put a question-mark over Maldonado's race seat.
At the same time, correspondent Daniel Johnson said it is the job-seeking former McLaren reserve Magnussen who is suddenly "in talks with the new-look Renault team".
Citing sources, the newspaper added: "Magnussen was in the team's Enstone factory (for) two days last week for talks with senior executives".
But the more likely role for 23-year-old Magnussen, who has recently tested Le Mans and DTM cars, is the Renault reserve role, the report continued. Renault did not comment.
Magnussen raced a full season with McLaren in 2014, finishing on the podium in his Formula 1 debut in Australia that year. He was axed from the team to make way for Fernando Alonso.
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