Michael Schumacher has agreed a 3.5 million euro deal (£3.1m) to drive for Mercedes GP in Formula One next season, according to German media reports.
Daily newspaper Bild and news magazine Focus both quote an unnamed source close to the seven-time world champion, who claims a one-year verbal contract has been agreed between Mercedes and the German.
The source claims Schumacher’s talks with Ferrari about him leaving his consultancy role have been positive and as soon as he gets the go-ahead from doctors, the deal will be signed.
“The signature is just a formality,” said the source. “Schumacher feels fit and healthy. The latest [medical] tests were entirely positive. He can't wait for the return and working with Ross Brawn again.”
As part of the deal, the source claims Schumacher is set to become a long-term ambassador for the Mercedes brand.
When asked about his potential comeback at a karting event yesterday, Schumacher declined to comment.