Whilst most teams have been linked with the iconic designer in one way or another at this stage, the two main contenders appear to be Ferrari and Aston Martin.
It appears no announcement regarding Newey's next move is imminent, however, the 65-year-old confirmed in a recent interview he is still unsure of what the future holds.
“I don’t know,” Newey said when asked by Sky Sports News if he knows what he wants to do next.
“At the moment I’m just kind of still working on the RB17 hypercar, and then just taking some time off.
“Last week actually we took seven days and lucky timing on the weather obviously, and went around the South Coast with our dogs in an old Aston Martin DB6 and that was great fun.”
Asked if a decision will be made by 'autumn or winter', Newey replied: “That’s certainly a target, by then I’ll need to make my mind up.”
Newey's signature is so coveted due to his fine history in the sport.
To date, the 65-year-old has had a hand in designing 12 constructors' and 13 drivers' championship-winning cars.