Sebastian Vettel is set to leave Ferrari at the end of the 2020 Formula 1 season after failing to agree a new contract with the team, accor💯ding to reports.

Negotiations over a new deal have been taking place since earlier this year, but 𓃲it has been widely reported overnight in German media that the talks between both parties broke down with no agreement.

An official announcement co♔nfirming Vettel and Ferrari’s split after a six-year spell could come as 🍸early as Tuesday morning.

The four-time world champion’s f♉uture at Ferrari has long been speculated, with Italian newspaper La Gazzetta dello Sport reporting in recent weeks that Vettel - who signed a three-year deal with the Scuderia in 2017 - had been offered a one-year contract on significa💝ntly reduced terms.

Despite🐷 racking up 14 victories for Ferrari and leading its failed title bids in 2017 and 2018, Vett🦹el’s position as a clear number one at Maranello had been threatened by Charles Leclerc’s arrival in 2019.

A stunning maiden season saw Leclerc claim two victories and beat Vettel to fourth place in the championship standings. The Monegasque was subsequently rewarded with a long-term contract over the winter whඣich has 🍒tied him down to Ferrari until the end of 2024.

EDITOR'S PICKS: Assessing Ferrari's alternatives to Sebastian Vettel for 2021.

McLaren’s Carlos Sainz and Renault’s Daniel Ricciardo are among the drivers linked to Vettel’s seat. Ferrari’s other op💦tions include Ita🔯lian Antonio Giovinazzi, who drives for the Alfa Romeo team would enjoys a close relationship with the Scuderia.

Despite much speculation in recent months, Lewis Hamilton is not considered to be a possibility after the Briton distancedඣ himself꧅ from the rumours.

Hamilton has insisted he wants to continue his successful partnership with Mercedes, with whom he has claimed five of his six world championship titles, alt💖hough an official announcement is yet to come.

Vettel’s future in F1 is unclear. Reports in Italian media have claime🌠d that the German, who turns 33 in July, has already received a firm offer from Renault, with Daniel Ricciardo known to be unsettled at the French squad following a disappointing first campaign after leaving Red Bull at the end of 2018.

McLaren could end up being a possibility for Vettel♏ in the event that Sainz becomes his replacement💎 at Ferrari. While the 25-year-old is happy at McLaren, he is also out of contract at the end of 2020.

A return to Red Bull, where Ve🃏ttel won all four of his world championship titles between 2010 and 2013, is understood to be unlikely.

EDITOR'S PICKS: Why a Ricciardo-Vettel swap for F1 2021 makes sense.