The agreement between the Portuguese Government and the championship promoters was signed in London, but the date of the Grand Prix will only be known in June 2026, when the 2027 World Championship calendar is defined, and it is expected to be part of the European 'season' during the spring.

"We join in the announcement being made in London at this hour, that Portugal will once again be part of the Formula 1 Grand Prix calendar in 2027, at the Algarve International Circuit, and it is also planned that the race will return in 2028," said the minister.

These will be the 19th and 20th editions of the Portuguese Grand Prix, again in the Algarve, after the initial races in 1958 and 1960 at the Boavista circuit in Porto, the 1959 race in Monsanto, Lisbon, and between 1984 and 1996 at the Estoril Circuit in Cascais.

Formula 1 returned to Portugal in 2020, after a 24-year absence from the World Championship, following the reorganization of calendars due to the COVID-19 pandemic, for the first of two editions in Portimão, which will return to the World Championship.

British driver Lewis Hamilton, a seven-time world champion then with the Mercedes team, won the last two races on Portuguese soil.

On August 14th, Prime Minister Luís Montenegro had revealed, during the PSD's Festa do Pontal in Quarteira, that everything was on track for the return of the Portuguese Grand Prix to the Algarve.