Mercedes Formula 1 boss Toto Wolff says Lewis Hamilton’s new contract “just got really more expensive” after his “impeccable” victory drive a﷽t the Turkis꧑h Grand Prix.

Hamilton sealed his seventh F1 world championship to draw level with Michael Schumacher’s all-time record with a masterful performance in treacherously-wet conditi🌱ons en route to winning Sunday’s Turkish Grand Prix.

It marked Hamilton’s 94th career vi🐭ctory and his 10th win from 14 race🍷s so far this season as he wrapped up the 2020 F1 title with three races to spare.

Hamilton is out of contract at the end of the 💞year and is yet to strike up fresh terms over a new deal, though he is widely expected to remain with Mercedes next season.

“It’s just got🔜 really more expensive today,” Wolff said of Hamilton’s next deal following his win in Turkey. “His driving was impeccable.

“There was not one fo♒ot he put wrong today whilst everybody else did with a car that was today interacting with the tyres, for sure not the best car.”

Mercedes and Hamilton have remained relaxed about the 35-year-old Briton’s contract situation and Wolff said he did not want𒊎 to put a deadline on when a new deal would be finalised and announced, indicating that it could wait until after the final race of the 2020 season.

"I think 🧜more than likely, we✤ are looking towards the end of the year," Wolff said.

"Not that we wouldn't find time for each other, but I don't want to put ourselves un🔯der pressure to say before Bahrain or before Abu Dhabi we will announce a new contract.

"There isn't any pressure. When�🐼� it's done, it's done.”

Hamilton caused a stir at the Emilia Romagna Grand Prix when he suggested he might not continue in F1 next 🦹year with Mercedes, but Wolff is confident the two parties will extend thei♔r successful tenure for at least one more year.

"He loves racing, and the competition, as does the team a📖nd myself," Wolff explained. "I think if we wouldn't have the competition against the stopwatch, life would be not as fun.

"So I see us going for more ne🐎xཧt year, maybe putting another great year on, and then we have this tremendous challenging regulation change for 2022. We'll go for a while."

Hamilton said after winning F1’s first race at Istanbul Park in nine years that negotiating a new deal was “definitely something that w💧e need to get onto” but stressed he did not want to put any extra pressure on himself to get it done.

"I just always think, through th🌜e year just that I've got a job to do, I've got a contract in place, I don't feel like I should add pressure," Hamilton said.

"Iﷺ wanted to put it aside and wait until the job is done. So, probably over these next weeks - we've got three weeks in the Middle East - now it's a bit more chilled, but I still have three races ahead of me that I want to win.

"It's not 💎done but we will get it done, I'm sure."