Mercedes offer Hamilton £60m

With just three months of the season remaining, Hamilton is still yet to extend his deal with McLaren which expires at the end of the year. Speculation surrounding his future went into overdrive on Wednesday after it was claimed that an agreement between Hamilton and Mercedes was 'imminent'.

Hamilton's management group, XIX Entertainment, have rejected those rumours, but sections of the British media remain adamant that Hamilton could stun F1 by leaving McLaren, the team he has driven for throughout his motor-racing career, for Mercedes.

'The German team are so keen to sign the 27-year-old for the next campaign they are prepared to hand him a deal which would eclipse Michael Schumacher's £16.5m-a-season package.

'Sportsmail understands the move is not dependent on Schumacher retiring for the second time at the end of this world championship, meaning the Briton could even replace his former karting team-mate Nico Rosberg.'

The Daily Telegraph is also certain that, despite its superficial unlikelihood, the possibility of Hamilton switching to Mercedes is genuine.

According to the newspaper, 'Hamilton gets on well with Mercedes-Benz's head of motorsport Norbert Haug and discussions have taken place'.

And The Guardian has poured more fuel on to the fire by reporting:

'There are problems between Hamilton and McLaren. The driver admitted last week that he was not close to signing a new contract and the friction between the two parties came to a head just before the Belgian Grand Prix when he tweeted confidential data revealing the car's setup details.'

Nonetheless, it would be something of a bombshell if Hamilton were to depart McLaren for a team which has won just once since its return to the sport as a fully-fledged member three years ago.

A spokesman for Mercedes said on Wednesday night: "Until we are in a position to confirm our full driver lineup for next season, it is inevitable that there will be speculation around this topic. We would ask for your understanding, however, that we do not comment on speculation."