But until now there has not occurred any agreement related to contract both of their drivers.
Sticking issues that Rossi would end his MotoGP career this year, while Lorenzo might be spoken for Ducati with exorbitant bids.
But if Yamaha lost one of its riders, they've found one racer is best fit to fill the vacant seat.
"In an ideal scenario, we booked Rossi and Lorenzo for the future. If this is not possible, we should look for the best alternative.
There are two options. The first choice is to find an experienced top riders, but it depends on the drivers available and are not bound by a contract with another team.
The second option is a young driver who has more potential to be a star, today there are five candidates for a future star who entered our wanted list, "said Lin Jarvis when interviewed Speedweek.
We have two drivers who are willing to satellites that (Bradley Smith and Pol Espargaro), but their performance was slightly disappointing.
Name Maverick Vinales could possibly be the most ideal choice Yamaha if there is an opportunity to bring it, "added Jarvis.
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