A controversial speed limit, imposed on Windermere in the Lake District, could be eased after the threat of legal action by a blind water skier.
Mr Price, right, broke the speed record with Mark Threadgold
The Lake District National Park Authority (LDNPA) outlawed high-speed craft in March 2005, in a move to restore the lake's tranquillity.
But Gerald Price, 74, from Stockport, Greater Manchester, claims the 10mph limit breaches human rights laws.
The LDNPA may now consider a "managed solution" for recreation on the lake.
Last month lawyers for Mr Price, who is backed by the Keep Windermere Alive Association (KWAA), gave authority officials 35 days to settle the matter.
The KWAA has been lobbying for the speed limit to be scrapped.
After talks between the two sides, members of the park authority are to be asked to consider opening talks on a managed solution for recreation on Windermere.
A report will be put before members at a full meeting of the authority on 21 March.
LDNPA's chief executive Graham Essex-Crosby said it was expected further legal advice would be available for next month's meeting.
He said: "A further statement will be issued in due course. In the meantime, both parties have agreed not to comment further."
Mr Price set a world record for blind water-skiing in October 2004, by skimming across Windermere at 46.2mph.
But he says hopes of achieving further records have been thwarted by the controversial byelaw.
Water-skiing is one of the most user-friendly sports for disabled people, he explained.
So far Windermere businessman Nick Fieldhouse is the only person convicted of exceeding the limit. He was fined £200 by Kendal magistrates in October 2005.