According to reports in Spain, there might be merger talks afoot between the struggling HRT team, and hopeful 2011 entrant Epsilon Euskadi.

The news agency EFE said the latter’s chief Joan Villadelprat is weighing up two options: the first being acceptance by the FIA to be the 13th team entry in its own right next year.

The second option is reportedly a merger with Hispania, F1′s existing Spanish entrant that is lagging at the rear of the grid and yet to pen a concrete deal for the construction of its next car.

F1 veteran Villadelprat has reportedly already been in contact, some days ago, with Jose Ramon Carabante, the owner of Murcia-based HRT.

Spaniard Villadelprat reportedly asked Carabante “what Hispania needs, what Epsilon can offer and if there is the possibility of collaboration”.

He apparently acknowledged that Le Mans prototype constructor Epsilon Euskadi’s infrastructure rates among “the top five” of the existing F1 teams, but lacks 17 million euros in investment.

The news follows HRT’s split with its 2010 car partner Dallara, and the news that advanced talks were taking place between the team and departed Toyota’s F1 arm Toyota Motorsport.