Although it is not clear if a final contract has been signed, Autosport understands that negotiations are at an advanced stage and could be concluded by the end of this week.
Ferrari has long been interested in Hamilton’s services but its overtures have previously been rejected because the seven-time F1 world champion felt Mercedes offered him a better route to success.
However it now appears that, off the back of two challenging seasons for Mercedes, Ferrari is close to convincing Hamilton that it is a better bet for the future.
Last year Hamilton signed a multi-year contract with Mercedes for 2024 and 2025, but it appears that the second season may have only been an option.
Source: Autosport