Aston Martin CEO Andy Palmer says he is "extremely pleased" with the proposals put forward for Formula 1's 2021 regulations, m💟eeting many of the requirements for the British manufacturer to enteꦓr the sport as an engine supplier.

Aston Martin has been linked with a possible F1 entry in recent times, having upped its involvement in the sport via a title partnership with the Red Bull team that has also incorporated a technical collaborat🐈ion on its new hyperc🅰ar, the Valkyrie.

Palmer has long-stated that Aston Martin would be open to entering F1 as an engine supplier in 2021 if the regulations were suitable, with more details on the future rules being released by Liberty on Friday iꦦn Bahrain.

"We are extremely pleased to hear today’s news 🥀regarding the future ofꦦ Formula 1," Palmer wrote on Twitter.

"These prospective cha🌌nges support many of the requirements needed for Aston Martin to enter the sport as an engine supplie⛦r.

"This is a very positive step in🗹 the right dir🌞ection."

Liberty conf✱irmed to team bosses on Friday it would look to retain the exi✅sting hybrid engine formula while making the power units cheaper, simpler and louder, as well as outlining other plans concerning F1's financial structure and improving the on-track spectacle.

Aston Martin's primary current racing activity lies in the FIA World Endurance Championsওhip, where it fields a factory GT team, but it is thought to be considering a possible move into Formula E in the future.