According to AutosportWeb, the 36-year-old has agreed terms on a new contract with the Silver Arrows and an announcement is expected to take place this week.
It is suggested that there were three key aspects of the deal which were holding up negotiations over the past few weeks.
But Hamilton has seemingly now agreed terms on the length of the contract, the basic salary and bonuses.
And his new deal also reportedly includes a veto right regarding his choice in a team-mate at Mercedes.
The contract will see Hamilton sign on with Mercedes until the end of 2022, although Hamilton is said to have an option to extend it for another year.
It is suggested that there were three key aspects of the deal which were holding up negotiations over the past few weeks.
But Hamilton has seemingly now agreed terms on the length of the contract, the basic salary and bonuses.
And his new deal also reportedly includes a veto right regarding his choice in a team-mate at Mercedes.
The contract will see Hamilton sign on with Mercedes until the end of 2022, although Hamilton is said to have an option to extend it for another year.
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