Lewis Hamilton will sign his new Mercedes contract “soon”, according to Toto Wolff.
The seven-time Formula One champion is the final name to be announced on the grid for the new season, with the remaining 19 drivers all already confirmed.
The announcement, although widely expected, had been delayed after negotiations where thrown off by Wolff contracting COVID-19 earlier this month and then speaking of “curveballs” in talks.
But the 49-year-old has now insisted that a deal will be signed “soon” in order to ensure Hamilton will be in the car in time to attempt to become the most decorated F1 champion ever.
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The deal Hamilton is holding out for is believed to be worth around $71m plus entitlements to TV and sponsorship earnings he brings to the team.
Initial reports had also suggested the deal would be three years, although impending budget caps and a complete rule overhaul set for 2022 means this is no longer the case.
Speaking to German outlet RTL, Wolff said that a deal is “not far” off but both parties must come to a “sensible agreement”.
He added: “Our relationship is not only professional, but also a friendship.
“Lewis is incredibly important, not only for our team, but also for the Mercedes brand.”