Hamilton’s contract with the team where he has raced since 2013 was set to run out at the end of this year, but he has long been expected to complete an extension.
Russell is understood to have already been contracted to race with Mercedes until the end of the 2024 campaign as part of the long-term deal he signed to join the team back in 2021, but the announcement made on Thursday at the 2023 Italian Grand Prix extends that deal for an additional season.
