Jordan hope to announce their second driver this week with Ralph Firman moving into pole position for the job.
It was reported this morning that Firman, the 27-year-old Formula Nippon champion, would meet Eddie Jordan today to sign a contract to race alongside Italian Giancarlo Fisichella.
Firman has tested with McLaren and BAR after winning the 1996 Autosport young driver of the year award.
Firman and Brazilian Felipe Massa have been leading Jordan's shortlist to replace Japan's Takuma Sato, now the BAR test driver.
The Brazilian former Sauber driver, dropped by the Swiss team to make way for Germany's Heinz-Harald Frentzen, had been considered the favourite due to his experience and financial backing.
Jordan have made clear that whoever gets the drive must bring substantial sponsorship with him.
But a report in the Guardiannewspaper today said it appeared that the anticipated funds had not materialised to secure Massa the deal and Firman was set to get the drive.