However, both Aston Martin and Geely Automobile Holding haven't officially confirmed the takeover even as media reports circulated the Chinese company's was conducting due diligence.
Geely chairman Li Shufu has stakes in Mercedes-Benz parent Daimler. Geely also owns Volvo. Daimler owns five per cent stake in Aston Martin.
Last week, the 107-year old British car company had issued a second profit warning over its "very disappointing" sales. The shares of the company went into a tailspin after the profit warning falling nearly 16 per cent.