MONTREAL - Bernie Ecclestone says Formula One will return to Montreal next season.

The Canadian Grand Prix was taken off the F1 calendar this year after a contractual dispute.

But Ecclestone, the head of the F1 circuit, said in today's edition of Motorsport Aktuell magazine that "we'll be driving in Montreal again in 2010."

Ecclestone also ruled out a return to Indianapolis, which last hosted an F1 race in 2007.

Former world champion Jacques Villeneuve was ecstatic when informed of the development.

"That's amazing news," Villeneuve told The Canadian Press.

"It's the biggest event of the year. It was a little dull (without the GP) and financially, it helps everyone."

He said Montreal was "a fun weekend, a party weekend" for F1 drivers and teams.

"And the race was always exciting."

Villeneuve said he still wants to return to Formula One, adding "there is nothing on tap now, but it takes time."

With files from The Associated Press.