Lewis Hamilton contract: Toto Wolff tipped to make Mercedes demands due to Russell

“Hopefully over the next couple of weeks [the contract will be sorted]. I would love – we would love – to get it done before Christmas, I think.

“I plan to be here next year; I want to be here next year. I think us, as a team, have more to do together and more to achieve both in the sport but even more outside the sport I think.

“So yeah, I hope we can begin this week, discussions, and hopefully get it tied up before Christmas.”

Wolff is also confident a deal will be struck with Hamilton, saying it is only a matter of time before he puts pen to paper.

“It is going to happen,” said Wolff. “There is no reason it is not going to happen.”