Toto Wolff says he just needs to put pen to paper to finalise a new contract to remain with the Mercedes Formula 1 team when the “right m💧ome▨nt” comes.

Wolff’s future as team principal at Mercedes has been💮 the subject of much speculation in recent months, with the Austrian’s current deal expiring at the eౠnd of the season.

He is currently weighing up a new role within the Mercedes team having just overseen the German manufacturer seal a record seventh cons🎉ecutive constructor𝔍s’ championship at Imola last weekend.

“With Mercedes and I, it is pretty much clear,” Woꦚlff said when asked for an update on his future. “It is just down to putting pen on paper at the right moment.

“I was also con꧑centrating on bringing these champion꧙ships home and it was not right to spend days with lawyers and M&A [mergers and acquisitions] people, when I am so focused on what is happening on track.

🔥“I think this is where Lewis and I are very similar. It just didn’t feel the right opportuneꩲ moment to sit down before those championships are done.

“There will be a moment when the drivers’ championship is decided to sit down and we will have a few mon♏ths befor☂e the first race happens in Australia.”

Lewis Hamilton has also fuelled talk that he could sensationally quit the sport after claiming a record-equalling seventh world title this year with comments he made when asked about what impact Wolff’s dep🎐arture would have on Mercedes.

Hamilton responded to the question by saying there is “no guarantee” t💮hat he we continue to race in F1 next season, with his current Mercedes deal about to end.

But Wolff doubts that Hamilton𝄹 is about to walk away from the sport, stressing that both h﷽e and the Briton are “not finished” with F1 yet.

“I think we go together in a way,” Wolff explained. “We have a symbiosis and obviously it's important wheꦆre our h𝐆eart is and mindset is for next year.

“But ⛎I've said that this is mꦫy team. I'm in a very proud corner with Mercedes and I'm not going to go anywhere.

“My role may change in the future, and it's something that he is as♊ked, and I think nothing is ever secure.

“It was like Niki Lau💖da in the 1970’s: you could wake up one morning on a Friday or Saturday morning on a track and say: 'I'm just not having fun anymore.' And I think that can happen to anybody.

“But we want to continue this journey. We are no✤t finished. Lewis and I and all the team, we'r🦩e not finished.”