The 31-year-old Frenchman, a former test driver who contested a handful of races with Super Aguri in 2006, recently confirmed he has been in contact with the Renault and USF1 teams.
Montagny turned to endurance sports cars with Peugeot in 2009, and is now expected to return to Le Mans racing with the same French marque next year.
"F1 is magical but winning Le Mans would be realistic … and just as magical!" he wrote on his official website.
11/16/09 (GMM) Franck Montagny insists he is still in the running to become Robert Kubica's Renault teammate in 2010, with a decision due within the next couple of weeks.
The 31-year-old Frenchman, a former test driver who contested a handful of races with Super Aguri in 2006, recently confirmed he has been in contact with the Enstone based team.
Montagny told Radio Canada that discussions have been held on a number of occasions.
"The possibility is real, we have discussed it a lot of times," he said. "We will see how it is going to end. It's still a bit early."
It is rumored that Renault would like a French driver at Pole Kubica's side in 2010, after the Swiss-born rookie Frenchman Romain Grosjean failed to impress in the second half of this season.
Montagny admits he was surprised to find himself in contention for the seat at Renault, whose carmaker parent is considering its future in F1.
"I did not particularly expect to be on that list, but surprises like that can happen," said Montagny.
He also confirmed that the departure of Flavio Briatore as Renault team boss has helped his chances, as he did not get along with the flamboyant Italian.
10/21/09 (GMM) Franck Montagny has been named in connection with Renault's formula one team for a 2010 appointment.
With the struggling French-Swiss rookie Romain Grosjean's new place not secure, the authoritative sports daily L'Equipe said Frenchman Montagny's name is being linked with the Enstone based team.
Contacted by 20minutes.fr, Montagny confirmed that talks are underway.
Last month Montagny, 31 and a former Renault and Toyota test driver who raced for part of 2006 with Super Aguri, was linked with the new start-up team USF1.
L'Equipe also mentioned Timo Glock, Adrian Sutil and Jarno Trulli in connection with Renault, who have already signed Robert Kubica to replace the Ferrari-bound Fernando Alonso.
Also named in media reports in connection with Renault is Bruno Senna, but it is believed the Brazilian is only in the frame for the 'young driver' test at Jerez in December.
09/02/09 (GMM) Franck Montagny has been in touch with the new American formula one team USF1 about a seat for the 2010 season.
The French sports daily L'Equipe on Wednesday said the 31-year-old, a former Renault and Toyota test driver who raced for part of the 2006 season with Super Aguri, had exchanged emails with USF1 sporting director Peter Windsor.
"They are having these kind of talks with all third drivers of the existing teams," Frenchman Montagny said. "Nothing has been signed."