What specific race could Malaysia replace on the F1 calendar?

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An Announcement is Expected Regarding Malaysia's Potential Return to the Formula One Calendar

Developments concerning Malaysia's possible re-entry onto the Formula One (F1) calendar for the current year are slated for an announcement on Sunday. The Youth and Sports Ministry has been actively engaged in discussions and evaluations regarding the feasibility of the nation hosting the race.
Ministry Engaged in Discussions on Hosting Possibility

The Ministry of Youth and Sports is currently undertaking active discussions and assessments concerning the prospect of Malaysia hosting an F1 race. This initiative follows reports from the motorsports publication the-race.com suggesting that Malaysia might be considered for a place on the F1 calendar this year.
Potential Replacement Race Mentioned in Reports

Motorsports portal the-race.com has indicated that Malaysia could be offered a slot on the F1 calendar at short notice this year, contingent on ongoing geopolitical issues. Specifically, reports have suggested the possibility of Malaysia replacing the Bahrain Grand Prix, which is scheduled for October.
Sepang International Circuit's Past Involvement in F1

The Sepang International Circuit previously served as the venue for the Malaysian Grand Prix. This event was a regular fixture on the F1 calendar for a significant period, hosting races annually from 1999 up until 2017. The race was eventually removed from the schedule due to escalating hosting expenses and licensing fees.

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What specific race could Malaysia replace on the F1 calendar?

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