Ferrari were unwilling to enter a “bidding war” with Aston Martin to try and secure the services of legendary F1 designer Adrian Newey.

Team principal Frederic Vasseur “had secured the budget to sign Newey” but Ferrari🔜🀅 did not wish to match Aston Martin’s “substantial” offer for the 65-year-old, reports.

According to the publication, Ferrari would have been able to join the team in𒐪 a consultant role and be based from the UK, ♔rather than having to relocate to Italy to be closer to the team’s Maranello base.

"This would not be dissimil𒐪ar to how John Barnard worked as Ferrari's chief designer; Barnard set up an office in Guildford rather than move to Maranello, with engineers seconded to his personal department,” the report added.

Ferrari have not responded to an approach for comment from mahbx.c🀅om.

Newey will instead join British squad Aston Martin, with an announcement expected to be made next week ahead o🦹f the Azerbaijan Grand Prix in Baku.

Aston Martin ha🌠ve sc𒉰heduled a news conference for Tuesday 10 September.

On Tuesdaಌy, Aston M⭕artin denied reports they have signed Newey.

“Adrian has been linked to multiple teams. He would add🌳 ꧂value to whichever project he decides to join,” an Aston Martin spokesperson told mahbx.com.

“He is just one o🥂f the big names being linked with this very exciting Aston Martin project but we don’t have anything to announce.”

Sky have since reported th𝓡at Newey has “said yes” to Aston Martin, with personal terms already agre♈ed.

Newey will be free to move to another team in early 2025 followin🐽g his Red Bull exit after 19 years at the team.