Toto Wolff says he just needs to put pen to paper to finalise a new contract to remain with the Mercede🌌s Formulꦆa 1 team when the “right moment” comes.

Wolff’s future as team principal at Merceꦕdes has been the subject of much speculation ♛in recent months, with the Austrian’s current deal expiring at the end 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 consecutive constructors’ championship at Imola last weekend.

“With Mercedes and I, it is pretty much clear,” Wolf🥃f 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 cꦡoncentrating on bringing these championships 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 ha💛ppening on track.

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

“There will be a momen𝓡t when the drivers’ championship is decided to sit down and we will have a few months before the first race happens in Australia.”

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

Hamilton responded to the question by say♉ing there is “no guarantee” that he we continue to race in F1 next season,𒁏 with his current Mercedes deal about to end.

But Wolff doubts that Hamilton is about to walk away from the sport, stressing that both he and the Britඣon are “not finished” with F1 yet.

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

“But I've said that this 𒉰is my team. I'm in a very proud corner with Mercedes and I'm not going to go𝓰 anywhere.

“My role may change in the future, and it's something that he is asked, and I think nothing is ever sℱecure.

“It was like Niki Lauda in the 1970’s: y🦩ou 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 not finished. 💧Lewis and I and🍌 all the team, we're not finished.”