Pastor Maldonado's management says that the Venezuelan is still eager to compete in Formula 1 and believes there is the potential for a return in 2017.
Maldonado confirmed on Monday that he will not participate in Formula 1 this year, having raced for Williams and Lotus between 2011 and 2015.
Maldonado had originally been retained by Lotus, which was laterly taken over by Renault, but he departed the outfit amid speculation over non-payment from his primary backer PDVSA.
His manager, Nicolas Todt, has ruled out Maldonado switching to Manor, which is the only team yet to confirm its driver pairing for the upcoming campaign.
"I don't see any concrete opportunity for Formula 1 this year," Todt told Reuters.
"We will try to bounce back in 2017. Manor are not really an option.
"After five years at Williams and Lotus, with all due respect to Manor, it makes no sense for Pastor."
Todt added that relations with Renault remained cordial throughout a tricky period.
"I don't want to go into the details of the contract," he explained. "The agreement was terminated in a friendly manner with Renault so no hard feelings. They behaved very fairly."