Lewis Hamilton contract talks to begin this week over new £40m Mercedes deal

Mercedes team boss Toto Wolff expects to open contract talks with Lewis Hamilton later this week following his seventh Formula One title win.

Hamilton became the most successful F1 driver in history on Sunday, claiming his seventh world title out in Turkey to draw level with racing legend Michael Schumacher.

The 35-year-old only has 44 days remaining on his current Mercedes deal, nevertheless, which is an unusual position for him to be in given he typically puts pen to paper on extensions by September.

But Wolff is planning to hold talks with Hamilton over a new contract at some point this week.

“Flying back from a seventh drivers' championship, you can't talk about a contract. It wouldn't do justice to the achievement,” the Austrian told BBC Sport.

“We're going to give it a few days then we are going to talk about it.

“Our relationship is much beyond business, it is one of friendship, one of trust.

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“This one day of negotiations is something we don't enjoy as it's the only time where we are not having shared objectives. The best deal is one where both parties walk off not completely satisfied.”

Hamilton is expected to earn a new three-year contract worth a staggering £40million per season, which would ensure he remains the F1’s highest-paid driver.

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When asked if now is the time to commit his future to Mercedes now that his seventh world title is wrapped up, the Brit said: “Definitely it’s something that we do need to get onto.

“I just always think, through the year that I’ve got a job to do, I’ve got a contract in place, I don’t feel like I should add pressure.

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“It has to be organic and not something that’s forced. So, I thought I'd bet on myself.”

Hamilton secured his seventh world title by earning his 94th career victory in Turkey on Sunday, seeing off Racing Point’s Sergio Perez and Ferrari’s Sebastian Vettel at Istanbul Park Circuit.

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