Ferrari Chairman Sergio Marchionne has apparently tabled an enticing offer to Sebastian Vettel to keep the German driver at Maranello for three more years.
French weekly Auto-Hebdo is reporting that Ferrari have offered the current leader of the world championship 120 million euros for a three-year extension of his current contract which runs out at the end of 2017.
In Austria last weekend, Marchionne made it clear that Vettel's future with the red squad was in his own hands.
"I made it very clear that, if Sebastian wants to stay, it was his option," said Marchionne.
As part of the negotiations for 2018, Vettel has allegedly been pushing for Ferrari to extend Kimi Raikkonen's contract.
Marchionne has apparently agreed and offered the Finn a one-year deal valued at 5 million euros, but Raikkonen has yet to accept.
Ferrari is aiming to have its affairs in order with its drivers by Monza, where it would announce its 2018 lineup.
Vettel is also rumored to have been engaged by Mercedes for a move to the Silver Arrows team although many believe it would not be before 2019, with team boss Toto Wolff encouraging Vettel to agree to just a one-year contract with the House of Maranello.
GALLERY: F1 drivers' wives and girlfriends
Keep up to date with all the F1 news via Facebook and Twitter
Helmut Marko believes that Red Bull and Max Verstappen are unlikely to challenge for victory…
Automotive giant General Motors is reportedly back in the game as a potential entrant in…
The opening day of running at the Las Vegas GP was a smooth but chilly…
Williams is continuing to fight uphill battles this weekend in Las Vegas as a knock-on…
It was a solid start to the Las Vegas weekend for Ferrari with Carlos Sainz…
Lando Norris didn’t hold back in his assessment of McLaren’s performance on the opening day…