Four-time world champion Sebastian Vettel will replace Fernando Alonso at Ferrari next season after signing a three-year deal with the Italian manufacturer on Thursday.
The 27-year-old, who will partner 2007 world champion Kimi Raikkonen, has struggled this season and has not been able to match his team-mate Daniel Ricciardo.
According to reports, Vettel will earn approximately 60 million euros a year as the highest-paid driver in history.
Whilst there has been no confirmation from Alonso as to his future plans, it is understood he has already agreed a deal to return to McLaren.
The two-time world champion still had two more years to run on his contract with Ferrari but he and the Italian team agreed to part company, leaving the 33-year-old with only 11 victories to his name, the last of which was on home soil in Spain last season.