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MotoGP qualifying was underway today in Germany, as riders took to Sachsenring with good weather abounding. With the return of Valentino Rossi to the series, the MotoGP paddock is buzzing with excitement, but the good vibrations would be cut short as the qualifying session was red flagged part-way through.

Seemingly grenading one of his six precious motors, Jorge Lorenzo dumped oil onto the German track, but before officials could the halt the session, Ben Spies and Randy de Puniet experienced a better understanding to what a mu coefficient is, and ended up in the gravel trap. While Spies was un-hurt, de Puniet was seen grabbing his ankle after the crash. The French rider did not participate in the restarted qualifying session, and spent his time in Clinica Mobile.

Meeting today with the Chief Medical Officer at the Sachsenring, Rossi has received word that he can participate in, and race at, the German GP. This means Rossi can turn a wheel in Friday’s practice sessions, and further assess his readiness for MotoGP racing. Should Rossi take to the Yamaha YZF-M1 by Saturday, he will have gone from injury to competition in just six weeks’ time, an incredible feat.

Although he completed 46 laps at Brno this week, Rossi still reported pain in his leg and shoulder, along with being tired from the testing sessions. With fans and MotoGP keen to see the nine-time Champion is keen to get back to racing, we can imagine there’s little that will stop Rossi from riding on Sunday, thus giving Wataru Yoshikawa a reprieve from his duties.

Valentino Rossi announced today that he is fit enough to race at the German GP this weekend. Crashing only six weeks ago, Rossi has undergone a miraculous recuperation process, which saw the Italian rider utilizing a hyperbaric chamber to expedite his body’s recovery process. After a painful testing session at Misano, Rossi looked to be in far better physical shape a couple days ago at Brno.

Riding a WSBK spec Yamaha R1 at near Superpole pace (and faster than James Toseland), Rossi looked ready for Sachsenring this weekend, but postponed his scheduled annoucement on Monday to today. Seeing now that he has the fitness to race again, Rossi hopes to ride the Fiat-Yamaha M1 once again. Howver, Rossi will first have to get the green light from the MotoGP Chief Medical Officer before he can race, but that’s more of a formality than a material concern.

After first that Rossi would make an announcement after his testing session today, Fiat-Yamaha has issued another statement saying that Rossi won’t make a decision on this weekend’s race until he arrives at Sachsenring on Wednesday. Heightening the anticipation of his return, Rossi has seemingly delayed making a decision to race, and wants to wait another two days before making it public what his intentions are for the weekend.

We assume this also means that we won’t hear an announcement from Rossi or Ducati about the 2011 season until the German GP as well. As such, Sachsenring will be an interesting round as both Rossi and Wataru Yoshikawa will have to prepare to race on Sunday, but also there will be the added fervor of the impending Rossi/Ducati announcement.

UPDATE: According to Brivio, Rossi just finished 46 laps with a best time of 1’59.135. He reports Rossi as being tired, but his leg and shoulder are feeling better.

Fiat-Yamaha Team Manager Davide Brivio snapped this photo of Valentino Rossi as he left the team box at Brno this afternoon in the Czech Republic. So far Rossi has completed 18 laps around Brno, and will hold a press conference after this last session.

According to GPone.com, Rossi’s best lap on his first run was in 2?01.200, while on the second run his best lap was 2?00.600 with the same track temperatures as yesterday’s WSBK races. Compare that to Cal Crutchlow’s Superpole time of 1?58.018 just a few days ago in similar conditions.

Source: Twitter

UPDATE: Fiat-Yamaha has confirmed that Rossi will test at Brno on Monday, with a press conference following the day’s testing sessions.

TwoWheelsBlog has gotten word that Rossi will be testing yet again, this time on James Toseland’s YZF-R1 at Brno tomorrow (Monday), as the Italian continues to gauge his progress to physical recovery. Keen to get back to racing,and save MotoGP from its plummeting ratings since his departure, Rossi has called for a press conference immediately following that day’s testing session. At the press conference Rossi is expected to announce his thoughts on racing next weekend at the German GP. A&R also expects Rossi to make the biggest announcement in MotoGP history on Monday as well.

UPDATE 3: Ducati has officially announced signing Valentino Rossi.

UPDATE 2: Ducati Motor Holdings CEO Gabriele del Torchio has confirmed that Valentino Rossi will race with Ducati in 2011.

UPDATE: Ducati & Yamaha have made a gentlemen’s agreement to delay the announcement of Rossi’s move until after Laguna Seca, in exchange for letting the Italian test the Desmosedici GP10 at the Valencian Round.

Let’s avoid the the “scoops”, “exclusives”, and “OMG’s”, and just say that Asphalt & Rubber has received word from a trusted source that Valentino Rossi has signed a two-year agreement with Ducati, that’s set to be announced on Monday…and boom goes the dynamite (sorry, we couldn’t resist). The Rossi/Ducati fantasy has been put forth for years, with the fervor on the subject reaching its pinnacle this season, as Ducati reportedly wafted a €15 million salary (almost double Yamaha’s offer) in front of the nine-time World Champion.

Likely less to do with money, and more about prestige and priority, the announcement comes on the heels of Casey Stoner’s exodus from the Ducati team, as the Australian has jumped ship back to HRC, in what is to be some sort of multinational threesome with energy drinks involved. Ok Italy, it’s almost time to change the sheets, this wet dream is nearly a reality. Stay tuned for Monday.

Italy was abuzz yesterday as Valentino Rossi took to the track, testing at Misano, after nearly a month long hiatus. Breaking his shin during a highside at Mugello, Rossi was able to get back in the saddle this week partly because of his extensive use of a hyperbaric chamber, which super-saturated his body with oxygen and increased his body’s healing power, but it is also because the Italian World Champion is just that dedicated to racing.

One lucky spectator at Misano was able to catch a number of Rossi’s laps on video, as the Italian completed 26 laps, over two sessions, on the 2010 Yamaha YZF-R1 World Superbike. Rumors peg the carbon-clad WSBK R1 as being one of Cal Crutchlow’s bikes. Crutchlow is a favorite candidate to move into MotoGP (with Monster Tech3 Yamaha) next season, if Yamaha loses Rossi to Ducati in 2011. Check the videos out after the jump.