Williamson Racing is expected to hold a meeting this week to discuss its plans for next year with Penske Motorsports, its owner, and the team said on Friday.
The meeting was first reported by Motorsport.com and was not immediately confirmed by Penske.
Willson Racing announced in January that it would discontinue production of its race car for the 2017 season and its championship program, with an intent to concentrate on its own entry to the Honda P2 program.
Willard is in talks with Honda about a potential 2019 entry.
The team had planned to make the P1 car the centerpiece of its effort to transition from the Honda Civic to the Ford Mustang, but that decision was shelved.
Willards chief executive, Scott Willson, said the team would continue to work on its entry, which it said it hoped to debut at the 2017 Rolex 24 at Daytona.
Williamson’s entry will make up for the lost production of the Civic and will be based on the Civic Si, which the team bought in February from Honda for $8.2 million.
The Honda Civic Si is one of the fastest and most capable cars in the world, and it will also be powered by a turbocharged 4.0-liter V6.
Willson is the fourth team to enter the Honda program in the last decade, joining Andretti Autosport in 2017, Andretti Automotive and Ford.
Willons decision to return to racing was met with much fanfare in the sports car community, as was the announcement by the organization that the team had won a driver’s championship at the Rolex Daytona 24 Hours.
The IndyCar series announced that Willards entry was the first of four entries from IndyCar teams in 2018.