Carlos Sainz is contracted to Ferrari until the end of 2024, and Ferrari principal Frederic Vasseur is looking to extend this deal.
Charles Leclerc’s contract also expires at the climax of 2024, but Sainz has been more open about his willingness to sign a new agreement with the Scuderia.
Vasseur said: “That’s why we’re going to sit down with Carlos before the end of the season.”
Vasseur replaced Mattia Binotti at the end of 2022 and has been looking to turn around the fortunes of the flailing team Ferrari.
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Ferrari currently sits fourth in the Constructor Standings championship.
Vasseur expressed his surprise at the dominance of Red Bull and the lack of competition in F1 this season.
He said: “They are simply perfect in every discipline, regardless of whether it’s the chassis, aerodynamics, engine, driver or strategy.
“And that’s what makes the difference.”
The Frenchman has already started a campaign to capture key personnel for the Scuderia.
He is understood to have locked down top Mercedes engineer Loic Serra, who will be going on gardening leave until 2025.
Vasseur commented: “Some (signings) are allowed to start work in early 2024, others in mid-2024, and still others not until early 2025.
“It’s a bit frustrating because you have to plan so far ahead. And it’s not easy to integrate people within the cost cap.”
Vasseur also unsuccessfully pursued Lewis Hamilton amidst the Brit’s prolonged negotiations with Mercedes.
The Frenchman insists that new signings are not an indication of a lack of faith in Ferrari’s existing team.
Speaking on this, Vasseur said: “There is no before and no after.
“Ferrari doesn’t have to wait for the newcomers to get back on the road to success.
“That would be the wrong message.
“I trust the squad we have.”
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The Ferrari boss has not ruled out an overhaul of Ferrari’s chassis and gearbox for 2024.
However, he denies that it will be a “brand new concept.”
He conceded: “We have to make a step forward in every area.”