The Brazilian Grand Prix is set to stay at Interlagos until a♍t least 2025 witꦰh local officials closing in on a new deal for the circuit to continue to host Formula 1 races.

On T🌟hursday the Sao Paolo mayor and governor of the state both confirmed that the Interlagos circuit is about to sign a new five-year contract with F1.

♏While the news has not been officially communicated by F1, local officials have announced the impending contract rene🌸wal to shore up the future of the Brazilian Grand Prix.

"I am proud to reveal that F1 has just renewed a contract to hold the Br📖azilian GP until 2025,” said Sao Paolo governor Joao Doria at a press conference held on Thursday.

"The Inte༒rlagos race track has been confirmed as the ven𝄹ue for the next five years.

"The contract will b🧸e signed by Mayor Bruno Covas and Liberty Media, the rights holder of F1.”

It is understood that the event would be known as the ༒Sao Paolo Grand Prix.

It marks a huge boost for the Sao Paolo venue, which has staged the Brazilian Grand Prix every year since 1990 and has been inclu🍌ded on the provisional record-breaking 23-round 2021 F1 calendar.

The future of grand prix racing at Interlagos was under serious doubt followꦐing a fallout between the circuit promoter - who is close to former F1 boss Bernie Ecclestone - and F1 owners Liberty Media.

Interlagos was due to hold its last race in its current coܫntract this year before the event was cancelled due to the coronavirus pandemic.

A push for the Brazilian Grand Pr💯ix to move to a new purpose-built facility in Rio de Janeiro for 2021 then followed.

However, the planned development in the Deodoro area has hit a major stumbling block due to requiring environmental approval before work can begin. The controversial project has faced opposition from environmental groups and F1 world champio🍎n Lewis Hamilton.