Mercedes Formula 1 boss Toto Wolff says Lewis Hamilton’s new contract “just got really more expensive” after his “impeccabl♚e” victory drive at the Turkish Grand Prಌix.

Hamilton sealed his seventh F1 world championship to draw level with Michael Schumacher’s all-time record with a masterful performance in treacherously-wet conditions e💎n route to winning Sunday’s Turkish Grand Prix.

It marked Hamilton’s 94th career victory and his 10th win from 14 races so far this season as he wrapped up the 2020 F1 title with three ꦇraces to spare.

Hamilton is out of contract at the end of the year and is yet♒ to strike up fresh terms over a new deal, though he is widely expected to remain with Mercedes next se꧙ason.

“It’s just got really more expensive today,” Wolff said of Hamilton’s next deal following his win in Turkey. “H𓃲is driving was impeccable.

“There was not one foot he put wrong today whilst eve✱rybody else did with a ca🦩r that was today interacting with the tyres, for sure not the best car.”

Mercedes and Hamilton have remained relaxed about the 35-year-old Briton’s contract situation and Wolff said he did not want to put a deadline on when a new deal would be finalised and announced, indicating that it could wait until after th𒊎e final race of the 2020 season.

"I think more than likely, we are looking to💞wards the end of the year," Wolff said.

"Not that we wouldn't find time for each other, but I don't want to put ourselvesꦦ under pressure to say before Bahrain or before Abu Dhabi we will announce a new contr💃act.

"There isn't any pressureꦺ. When it's done, 🍬it's done.”

Hamilton caused a stir at the Emilia Romagna Grand Prix when he suggested he might not conꦿtinue in F1 next year with Mercedes, but Wolff is confident the tw🍷o parties will extend their successful tenure for at least one more year.

"He loves racing, and the competition, as does the team and myself," Wolff explained. "I think if we wouldn't haveꩲ the competition against the stopwatch, life would be not as fun.

"So I see us going fꦐor more next year, maybe putting another great year on, and then we have this tremendous c🌠hallenging regulation change for 2022. We'll go for a while."

Hamilton said after winning F1’s first race at Istanbul Park in nine years that negotiating a new deal was “definitely something that we need to get onto” but stressed he did ꦚnot want to put any extra pressure on himself to get it done.

"I just always think, throu🔯gh the year just that I've got a job to do, I've got ಌa contract in place, I don't feel like I should add pressure," Hamilton said.

"I wanted to put it aside and wait until the job is done. So, probably over these next weeks - we've got three weeks in the Middle Ea𒀰st - now it's a bit more chilled, but I still have three races ahead of me that I want to win.

"It's not don😼e but we will get it done, I'm sure."