A preliminary document has been presented to Rome mayor Gianni Alemanno and he is hoping the sport will come to the Italian capital in the near future.
Last year saw Singapore and Valencia stage their first Formula One races.
To have a Formula One race in Rome was one of the dreams of Enzo Ferrari, founder of the motor sport giants.
The circuit is planned for Rome's financial district EUR and the length of the track would be 4.66 kilometres.
Italy has Monza in the annual Formula One calendar but the San Marino Grand Prix was excluded in 2006.
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