Toro Rosso are planning to change their name for the 2020 season to Alpha Tauri, subject to approval from the other teams in the sport.
Alpha Tauri is the name of Red Bull's fashion brand, and Red Bull's junior team now await the result of a vote to approve the change.
If approved, Toro Rosso would be the third team in recent times to change name, after Force India became Racing Point and Sauber became Alfa Romeo.
Toro Rosso, meaning Red Bull in Italian, have been on the grid since 2006, when they took over from the struggling Minardi team.
The team currently sit sixth in the constructors' championship, and achieved their second ever podium finish this season with Daniil Kvyat finishing an impressive third in Germany.