British broadcaster ITV and internet streaming service Netflix are leading the race to sign former Top Gear trio Jeremy Clarkson, Richard Hammond and James May.

Another streaming service, Hulu, is also reported to be in the running to hire Clarkson and company, who are believed to be negotiating deals with various networks since departing from the BBC.

Top Gear's long-time producer Andy Wilman – who resigned from the BBC in April - is also expected to reunite with the team for the new series.

Netflix is reported to have made a "sizeable" offer for the trio for multiple seasons, in what is thought to be an attempt to expand its brand in the UK and across Europe.

Hulu Plus has streaming rights to Top Gear episodes dating back to 2003, and the company is also interested in commissioning a new series but hasn't as much international distribution potential as either ITV or Netflix.