Toto Wolff confident in finalising new Mercedes contract with Lewis Hamilton, could be signed before Canadian GP

Mercedes team principal and CEO Toto Wolff says seven-time world champion Lewis Hamilton could sign a new contract before the Canadian Grand Prix. Mercedes has struggled to match Red Bull's performance on the grid over the last 18 months, leading to speculation about whether Hamilton would opt for a fresh challenge or commit to another contract with the Silver Arrows.

Ad With Hamilton's current agreement expiring at the end of the year, there have been reports that Ferrari are preparing a bold bid to lure him away from Mercedes. Monaco Grand PrixVerstappen pips Alonso to stunning Monaco pole as Perez crashes out in qualifying27/05/2023 AT 16:49 Both Hamilton and Wolff have consistently maintained their intention to secure a new contract, with the Mercedes team principal even suggesting last year that Hamilton could extend his Formula 1 career for up to five more years.

Nevertheless, the delay in negotiations has raised concerns that Hamilton might either retire from the sport altogether or explore options with a different team. However, Wolff has indicated that a breakthrough has been achieved in the contract talks, offering hope that an agreement will be reached within a matter of days.

«It is going to happen soon, and we are talking more days than weeks,» Wolff told CNBC. «We are trying hard [to get it done before the Canadian Grand Prix].

I will see him today, 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.» 'Very difficult to understand' — Ferrari boss at a loss to explain poor performance Verstappen wins Spanish GP and Hamilton and Russell hold off Perez for podium finish Wolff also emphasised the significance of keeping Hamilton in Formula