According to Correre dello Sport Lewis Hamilton is looking for a salary in the £60 million range and a contract extension until at least 2024.
In addition, the Briton would formally commit not to go to any other teams once his deal is up and would instead become the Mercedes brand ambassador.
The Italian newspaper reported that the requirements might not be completely to Daimler Chairman Ola Källenius’ liking, as the German company is looking to achieve a saving of one billion dollars by 2022.
Although it has previously been reported that the Mercedes-Hamilton deal was almost done, if this report is true, the two parties might still have some negotiating to do.
The Briton’s current deal with Mercedes expires after 2020 and is worth around £40 million per year.