Hamilton could sign new Mercedes deal 'soon', says team boss Toto Wolff

Lewis Hamilton's Formula 1 future could be resolved before this weekend's Canadian Grand Prix.

Hamilton has six months left on his £40 million-a-season deal with Mercedes, but team principal Toto Wolff said his superstar driver is on the brink of agreeing new terms.

"It is going to happen soon, and we are talking more days than weeks," Wolff told CNBC's Squawk on the Street programme in New York when asked about Hamilton's contract negotiations.

"We are trying hard (to get it done before the Canadian GP). I will see him, and maybe we will talk about it.

"We have such a good relationship that we dread the moment that we need to talk about money."

A multi-year deal

Hamilton, 38, met with Wolff the day after the last round of racing in Spain in the hopes of rubber-stamping a fresh contract with the Silver Arrows.

The British driver's extension is anticipated to be a multi-year deal, extending his stay in F1 beyond his 40th birthday.

"Lewis is the most important personality in the sport," added Wolff.

"He is so multi-faceted, not only with the racing, but also off track, so we need to keep him in the sport for as long as possible.

"From a team's perspective, Lewis and Mercedes have gone back a long time. He has never raced for any other brand than Mercedes.

"We both joined the team in 2013 together and, from a professional relationship, we now have a friendship. It has been a wonderful time."

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Hamilton, who has not been in contention for a race-win since his contentious championship defeat to Max Verstappen at the 2021 season finale in Abu Dhabi, is already 83 points off the title pace this year.

But Mercedes' recent upturn in form has