Mick Schumacher will undertake a second season of European F3 in 2018, the 18-year-old remaining with front-running squad Prema.
In 2017, the son of F1 legend Michael Schumacher concluded his maiden F3 campaign 12th in the junior championship, and as the third best rookie behind series winner Lando Norris and Jehan Daruvala.
Italy's La Gazzetta dello Sport is reporting that a 2018 contract between Mick Schumacher and Prema should be agreed "in the next few days".
Luca Baldisseri, who worked with Michael Schumacher at Ferrari and oversaw the Scuderia's driver academy, has taken on an active role alongside the young German driver.
"It was very emotional to work with Michael's son, and in many ways he reminds me of his father," he said.
"A couple of times, I've even called him Michael on the radio," Baldisserri admitted.
Meanwhile, it's been four years since the seven-time world champion's tragic skiing accident.
The Schumacher family and the great champion's loyal assistant Sabine Kehm still refrain from offering any details linked to the former driver's health and condition
"Before the accident, he told me 'Don't call me to plan things, I would like to disappear," Kehm told French daily L'Equipe.
"It was his secret wish. That's why I do not say anything now."