Sunday afternoon's race was set to be the last at the Northamptonshire track after the F1 supremo handed the rights to Donington Park in a 17-year deal.
But amid fears the £100million redevelopment of Donington would not go ahead, Ecclestone admits that the race could return.
He said: "I'm hoping Donington complete the agreement and do all the things they must do. And if they can't, we'll come back to Silverstone."
Ecclestone will still demand the £18m he agreed with Donington boss Simon Gillett to stage next year's race. But Ecclestone admits that his relationship with the British Racing Drivers' Club, which owns Silverstone, had improved.
The grand prix chief had been critical of the BRDC for not investing in the Northamptonshire track to bring it up to the standard of others on the calendar.
He added: "There has been a big change with the BRDC. They have got more commercial people in and these people are prepared to do all the things we want."
BRDC Robert Brooks insists the Donington business plan to fund the development on a debenture scheme did not stack up.
And he said: "We're ready to discuss the possibility of holding the race in 2010. I think if we focus on next year rather than long-term we could make progress."
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