McLaren drivers Jenson Button and Kevin Magnussen will reportedly find out their F1 fate after Thursday's board meeting.
According to the Daily Mail, the Woking based team have scheduled a board meeting to decide the driver lineup for the 2015 F1 season.
It is widely believed that one of the drivers will leave to make way for the arrival of Fernando Alonso, who announced his departure from Ferrari prior to the final race in Abu Dhabi.
McLaren's group chief executive Ron Dennis had admitted following the season finale in Abu Dhabi that he was yet to decide on a driver lineup for next season and insisted that the decision was not only up to him but to the entire board.
''I've not made up my mind yet, but (the decision on the driver line-up) is not mine alone, and anyway, it wouldn't be appropriate," Dennis said, as quoted by the Daily Mail.
"Any decision has to be supported by the shareholders and the board."
The chief executive also confirmed that they are looking at more drivers than just Magnussen and Button and confirmed that the final decision will be revealed following the board meeting.
"It's pretty understandable we're looking at two people, and there's a broader choice than Kevin and Jenson, but nevertheless whatever the decision, it won't be taken until (the board meeting)," the Woking based team's boss added.
Meanwhile, 2014 F1 World Champion Lewis Hamilton, who partnered Fernando Alonso at McLaren during his first season in the sport in 2007, is confident that the Spaniard will have a more cordial time this time around as the former Ferrari driver has matured and grown as a person and a driver.
Alonso endured a fractious relationship with the current chief executive Dennis, who was the team principal then, and their falling out led to the Spanish driver leaving the team and returning to Renault after just one season.
"I wish him all the best. It's an interesting decision, and a new experience for the team," Hamilton said.
"Fernando has grown a huge amount over the years, both as a driver and in terms of his maturity."
"Having the previous experience with Ron he'll definitely have a much better handle on it, and perhaps won't be in as tricky a situation as he was back then," the Merdeces driver added.