LONDON (Reuters) - Ferrari will not formally appeal the penalty that cost Sebastian Vettel victory in the Canadian Grand Prix, sources said on Thursday, but could still seek a review of the decision by presenting fresh evidence. FILE PHOTO: Formula One F1 - Monaco Grand Prix - Circuit de Monaco, Monte Carlo, Monaco - May 26, 2019 Ferrari's Sebastian Vettel in action during the race REUTERS\/Gonzalo Fuentes\/File PhotoThe deadline for the Formula One team to lodge a formal protest is Thursday evening, 96 hours after the end of the race in Montreal. A Ferrari spokeswoman said they were still working on collecting evidence, and could not confirm what action was being taken. A source at the governing International Automobile Federation (FIA) told Reuters the team would not be making a formal appeal. The Daily Mail newspaper earlier reported that Ferrari principal Mattia Binotto had written to the FIA to say the team would not protest the five-second penalty applied to Vettel\u2019s time after the race. The team had given notice of their intention to appeal on Sunday, with Vettel leading from start to finish but losing out to Mercedes\u2019 championship leader Lewis Hamilton after the chequered flag. \u201cThey are stealing the race from us,\u201d Vettel, a four times world champion, had said over the radio when told he was under investigation for going off track and returning in what was deemed to be a dangerous fashion, forcing Hamilton to take evasive action. The stewards\u2019 decision triggered an immediate controversy with some defending the penalty while others felt the officials had killed off an exciting race by over zealous application of the rules. Some ex-drivers, who felt Vettel could have done nothing different, questioned whether the current rules were fit for purpose with Formula One trying to encourage better and more entertaining racing. \u201cHe stayed ahead the entire race, he crossed the chequered flag first, for us he\u2019s the moral winner. We won today,\u201d said Binotto at the time. The sporting regulations do not allow for in-race penalties to be appealed but Ferrari could still seek a review of the stewards\u2019 actions under article 14.1.1 of the FIA\u2019s International Sporting Code. This allows for further action in the event of any \u201csignificant and relevant new element\u201d coming to light that was not available to those seeking the review at the time of competition. If Ferrari followed that course, they would have 14 days since the publication of the final race classification to produce fresh evidence. The stewards then have sole discretion to determine whether such a significant and relevant new element existed, with their decision final. Reporting by Alan Baldwin, editing by Toby DavisOur Standards:The Thomson Reuters Trust Principles.