Sources have told The Financial Times Renault is hoping to start merger talks with Nissan within 12 months, and then work on purchasing Fiat Chrysler Automobiles (FCA).
According to wire reports (via Automotive News), when Saikawa was asked about whether he knew about Renault's reported plans, he replied, "not at all".
After months of tensions between Renault, Nissan and Mitsubishi after the arrest of former CEO Carlos Ghosn on a variety of financial misconduct charges, the partners agreed to a new alliance governance scheme earlier this month.
With Renault chairman Jean-Dominique Senard heading up the new alliance board, but relinquishing his right to be Nissan's chairman, the French automaker is said to feel confident enough to restart merger talks.
It's not clear whether Fiat Chrysler (FCA) will still be single and available after a possible Renault-Nissan merger.
For several years the Italian-American automaker has not been shy about its desire to trade nuptials with another company, with former CEO Sergio Marchionne openly courting GM.
FCA rebuffed the overture due to concerns about the merged entity's over-reliance on the European market, and how the acquisition would be funded.