Earlier this year, the FIA opened up the tender process for F1's official supply contract from 2025 to 2027, with the possibility of it being extended until 2028.
The deadline for applicants was 15 May, with the FIA now going through the process of evaluating the proposals from interested parties before making a call on who the approved bidders are on 16 June.
The successful candidates will then move on to the next stage of the process, which will include discussions with F1's commercial rights holder.
The last tyre tender process, from 2020 to 2023, saw Pirelli face a challenge from South Korean company Hankook.
Pirelli was then granted a one-year extension until the end of 2024 due to the delays in the introduction of new technical regulations prompted by the COVID pandemic.
With the deadline for applicants for the 2024-2027 tender having passed, it is understood that Pirelli is not alone in having put in a bid for the new tyre contract.
And while there has been no confirmation from the FIA about the number of candidates nor their identity, sources have suggested that Japanese company Bridgestone has applied.
Source: Autosport