F1 boss Bernie Ecclestone is planning to reschedule the Bahrain Grand Prix as the penultimate race of the season.
Ecclestone, who says a decision will be made on Tuesday, has ruled out staging the event in August.
The race was due to be the season's opener on 13 March but had to be cancelled because of ongoing civil unrest in the Arab country.
"I'm hoping beyond hope things settle peacefully and we find a slot later in the year," Ecclestone told BBC Sport.
"If there is peace in Bahrain then we will be there, we will find a way."
The World Motorsport Council of the FIA, the sport's governing body, meets in Paris on Tuesday to discuss the issue and Ecclestone expects a final decision on the staging of the race to be taken then.
Ecclestone has ruled out staging the race in August because of the soaring temperatures in the Gulf, so a new date near the end of the season is the most likely solution.
Asked whether he was confident about finding a new date in the 2011 calendar, Ecclestone said, "Yes, you never see anything about Bahrain on TV now."
Bahrain could become the penultimate race of the season and Ecclestone has earmarked 20 November, the week after the Abu Dhabi Grand Prix.
That might require moving the season-ending Brazilian GP back by a week.
Bahrain's Crown Prince decided to cancel the race two weeks ago because of violent clashes between anti-government protesters and government forces.
Ecclestone has said that Formula 1 Management was happy to absorb the ?25m cost of losing the race and the decision was the correct one.
"The person who runs the country was the right person to decide, and I'm sure he made the right decision," he said.
F1 boss Bernie Ecclestone
Ecclestone wants to introduce a new sprinkler system
"Whether it would have given the opportunity for more unrest or not I don't know but I'd hate to have had it happen that we were the cause for people getting a lot more publicity by sabotaging F1.
"The people there have been very good. If they want the race we want to be able to supply it for them."
With the new season just three weeks away, Ecclestone has also proposed the introduction of a controversial computer-generated sprinkler system to spice up boring races with artificial rain.
"I'm happy to make it happen," he insisted. "I've got to get everyone to fall into line. My idea is that we should make a programme but that nobody knows exactly which one will be used.
"At some time during the race it will be raining, maybe rain more than once. It's a bit more than a sprinkler system.
"We always have thoughts to do what we can to keep people entertained, we're in the entertainment business."
Ecclestone was also critical of the new moveable rear wing that has been introduced in a bid to improve overtaking.
Last year was so good and all the messages are that this year should be as good, if not better
Bernie Ecclestone
"I don't support it at all," he complained. "It's unnecessary and will lead to more and more protests and upheaval. I don't see how it can operate properly."
The 2010 F1 championship proved to be one of the most thrilling in the history of the sport, with Sebastian Vettel of Red Bull eventually claiming the title.
"Last year was so good and all the messages are out there that this year should be as good, if not better," Ecclestone said.
"The signs are good. It looks like Red Bull will again be the team to beat."
Team Lotus, Virgin Racing and Hispania Racing will be looking to score their first points this year after debuting last season, but Ecclestone believes there needs to be a reduction in the number of teams in F1.
"Twelve teams is too many," he said. "I'd like to see 10, that's enough."
Code:http://news.bbc.co.uk/sport1/hi/motorsport/formula_one/9412871.stm
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