Jul.21 (GMM) HRT is reportedly close to finalising an agreement with Toyota's former Cologne based formula one team.

Italy's 422race.com said the struggling Spanish outfit will sign the deal "in the next few days" after a long period of negotiation.

The team's current car, the slowest in the 2010 field, was built by its former partner Dallara.

The website said the HRT deal will involve use of Toyota Motorsport's Cologne headquarters, staff and designs of the unraced 2010 car, the TF110.

Before the money arrives from Spain, Toyota is reportedly rehiring engineers including by publishing announcements in specialist magazines.

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