Lewis Hamilton contract: George Russell ‘has real chance' of replacing F1 star in 2021

Meanwhile, former F1 team boss Eddie Jordan has claimed he’d axe Hamilton at the current moment in time – insisting the Brit is replaceable.

Speaking in an interview with F1 Insider, Jordan said: “Apparently the parties disagree on the terms. I just heard that Lewis wants more than Mercedes are willing to pay.

“It’s also about sharing the team’s income and having an influential role in the Mercedes group.

“If I were the boss of Daimler, I would show him the door – either you drive on our terms or you go.”

Jordan added: “I would also tell him what Bernie Ecclestone said after Ayrton Senna’s death.