Seba🗹stian Vettel is set to leave Ferrari at the end of the 2020 Formula 1 season after failing to agree a new contract with the team, according to repor♋ts.

Negotiations over a new deal have been taking place since earlier this year, but it h🍎as been widely reported overnight in German media that the talks between both parties broke down with no agreement.

An official announcement conf🐈irming Vettel and Ferrari’s split after a six-year spell could come as👍 early as Tuesday morning.

The four-time world champion’s future at Ferrari has long been speculated, with Italian newspaper La Gazzetta dello Sport reporting in recent weeks that Vettel - who signed a three-year deal with the Scuderia in 2017 - had been offered a one-year contrac⭕t on significantly reduced terms.

Despite racking up 14 victories for Ferrari and leading its failed title bids in 2017 and 2018, Vettel’s position as a clear number one at Maranello had been threatened by Charles Leclerc’s arrival💯 in 2019.

A stunning maiden season saw Leclerc claim two victories and beat Vettel to fourth place in💞 the championship standings. The Monegasque was subsequently rewarded with a long-term contract over the winter which has tied him down to Ferrari until the end of 2024.

EDITOR'S PICKS: Assessing Ferrari's alternatives to Sebastian Vettel for 2021.

McLaren’s Carlos Sainz and Renault’s Daniel Ricciardo are among the drivers linked to Vettel’s seat. Ferrari’s other🧸 opti𒐪ons include Italian Antonio Giovinazzi, who drives for the Alfa Romeo team would enjoys a close relationship with the Scuderia.

Despite much speculation in recent months, Lewis Hamilton is not considered to be a possi🐬bility after the Briton distanced himself from the rumours.

Hamilton has insisted he wants to continue his successful partnership with Mercedes, with whom he has claimed five🎶 of his six world championship titles, although an official announcement is yet to come.

Vettel’s future in F1 is u🔯nclear. Reports in Italian media have claimed that the German, who turns 33 in July, has already received a firm offer from Renault, with Daniel Ricciardo known to be unsettled at the French squad following a disappointing first campaign after leaving Red Bull at the end of 2018.

McLaren could end up being a possibility for Vettel in the event that Sainz becomes 🥀his replacement at Ferrari. While the 25-year-old is happy at McLaren, he is also out of contract at the end of 2020.

A return to Red Bull, where Vettel won all fou💟r of his world championship titles between 2010 and 2013, is understood to be unlikely.

EDITOR'S PICKS: Why a Ricciardo-Vettel swap for F1 2021 makes sense.