Ferrari were unwilling to enter a “bidding war” with Aston Martin to try and secure the services of legendary F1 designer Adrian Newey.

Team principal Frederic Vasseur “had secured the budget to sign Newey” but Ferrari did not wish to match Aston 🥀Martin’s “🍒substantial” offer for the 65-year-old, reports.

According to the publication, Ferrari would have been able to join the team in a consultant🍎 role and be based from the UK, rather than havi👍ng to relocate to Italy to be closer to the team’s Maranello base.

"This would not be dissimilar to how John Barnard worked as Ferrari's chief designer; Barnard set 🌜up an office in Guildford rather than move to Maranello, with engineers seconded to his personal department,” the report added.

Ferrari have not resp༺onded to an approach for comment from wuqian0821.com.

Newey will instead join British squad Aston Martin, with an announcement expected to be made next week ahead of the A๊zerbaijan Grand Prix in Baku.

Aston Martin ꧅have scheduled a news conference for Tuesday 10 September.

On Tuesday, A🅘ston Martin denied reports they have signed Newey🐬.

“Adrian has been linked to multiple teams. He would add va🃏lue to whichever project he decides to join,” an Aston Martin spokesperson🐽 told wuqian0821.com.

“He is just one of the big na🥀mes being linked with thi🌃s very exciting Aston Martin project but we don’t have anything to announce.”

Sky have since reported that Newey has “said yes” to Aston Martin, with personal 🌜terms already agreed.

Newey will be free to move to another team in early 2025 following his Re🗹d Bull exit after 19 years at the team.