George Russell is on the verge of securing his future at Mercedes, with team principal Toto Wolff confirming that contract talks are advancing rapidly. This development follows Max Verstappen’s recent declaration that he will remain with Red Bull through 2026, effectively ending speculation about a potential switch to the Silver Arrows.
Sources close to the team indicate that Mercedes has shifted focus entirely to Russell after Verstappen’s commitment, aiming to lock in the British driver with a multi-year deal worth around $40 million. The agreement could include an optional extension clause, similar to structures seen in other high-profile contracts, allowing flexibility amid the sport’s evolving regulations.
Russell, who has impressed this season with consistent podium finishes and sits third in the drivers’ standings behind Lando Norris and Verstappen, expressed confidence in his position during a press session ahead of the Hungarian Grand Prix. “I’ve always believed in this team’s vision, and we’re building something special,” he said.
Wolff echoed that sentiment, describing the delay in negotiations as a strategic pause rather than uncertainty. “George is integral to our plans. With the driver market clarifying, we’re pushing forward,” he noted.
This move stabilizes Mercedes’ lineup, pairing Russell with rising star Kimi Antonelli for 2026, as the team eyes a return to championship contention under the new power unit rules.
Sources (click to expand):
https://www.nytimes.com/athletic/6471720/2025/07/03/max-verstappen-george-russell-f1-contracts/,
https://www.skysports.com/f1/news/12433/13349442/george-russell-why-mercedes-driver-hasnt-signed-a-new-contract-despite-strong-start-to-2025-f1-season,
https://www.formula1.com/en/latest/article/russell-and-antonelli-offer-update-on-mercedes-contract-talks-amid.3mSVROWEFLCKzRpooWsGZ0,
https://www.nytimes.com/athletic/6434617/2025/06/20/george-russell-new-mercedes-contract-situation/,
https://www.theguardian.com/sport/2025/jul/03/george-russell-mercedes-f1-british-grand-prix-max-verstappen-formula-one,
https://www.gpfans.com/en/f1-news/1057366/f1-news-today-toto-wolff-issues-mercedes-contract-update-george-russell-major-rival-signing-confirmed/,
https://www.newsweek.com/sports/racing/george-russell-sign-40m-contract-extension-mercedes-f1-report-2105110,
https://www.skysports.com/f1/news/12433/13403035/george-russell-mercedes-closing-in-on-agreeing-multi-year-contract-extension-with-british-driver-amid-max-verstappen-interest,
https://www.thesportreview.com/f1/mercedes-make-george-russell-contract-decision-after-latest-max-verstappen-update-as-new-deadline-set/,
https://www.f1oversteer.com/news/george-russells-new-mercedes-contract-could-contain-the-same-clause-that-led-to-lewis-hamiltons-ferrari-exit/