The team have already acquired former McLaren team principal Andreas Seidl as their CEO and will be looking for an equally talented driver line-up to spearhead the project.
Sainz is currently looking for a drive after it was announced Lewis Hamilton would be replacing him at Ferrari for 2025.
Following a standout performance where he claimed a victory at the Australian GP, some have suggested Red Bull should hire the Spanish driver.
However, the team is reluctant to announce a decision, despite figures such as Ralf Schumacher calling for them to announce their line-up ‘now’..
Additionally Audi are asking for Red Bull to make a decision as they will be looking to have the best possible line up for when they enter the sport.
Red Bull’s chief director Helmut Marko has responded to the pressure from Audi, and how it will impact their current driver Sergio Perez.
”We don't allow ourselves to be pressured. Audi apparently wants a decision. We look at everything in peace. When we have enough overview, we will decide on our drivers,” Helmut Marko said to oe24.
“Everything is an option. Our team is currently working very well. If he [Perez] has a secure contract for two years, there is a risk that he will slack off.”