Hamilton’s management team last night denied suggestions from former team owner Eddie Jordan that the 27 year-old has “already agreed terms” with Mercedes.

Jordan, who now works as a BBC pundit, said he was led to believe that Michael Schumacher would be retiring for a second time at the end of this season and that Lewis Hamilton, whose current five-year McLaren contract expires at the end of the year, would take the seven-time world champion’s place at Mercedes

“Some weeks ago I said on TV that I felt Lewis was on the move and I had an idea at the time he had been speaking to Ferrari, which we now know is true,” Jordan said. “But I can now confirm his people have had meetings with Mercedes.

“Bernie Ecclestone made it clear to me live on television on Sunday [at the Belgian Grand Prix] that Schumacher was leaving, although Schumacher later played it down.

“So it would appear Michael is leaving and Lewis is arriving at Mercedes. I believe Hamilton and Mercedes have already agreed personal terms and a deal could be imminent.”

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