Vettel set for 2020 Ferrari contract extension

Vettel hopes to renew with Ferrari

(GMM) His current deal runs until the end of next year, but Sebastian Vettel is already in talks to extend his Ferrari contract.

That is the claim of Germany's Auto Bild, with the report claiming a new three-year deal is in the works for the 28-year-old, which would take his tenure through to 2020.

"I don't just want to be world champion again," Vettel is quoted as saying. "I want to be world champion with Ferrari."

And Sport Bild quotes Vettel adding: "Whether we succeed, no one can know. But the journey is the reward."

Auto Bild said the value of Vettel's three-year extension could be an incredible EUR 100 million, including a number 1-style clause allowing him a say on who his teammate is.