Ferrari announced a multi-year contract extension with Formula One team boss Fred Vasseur on Thursday, ending immediate speculation about the Frenchman's future at the helm of the sport's oldest, most successful and glamorous constructor.

Ferrari is reportedly set to decide the future of team principal Fred Vasseur, with his current contract expiring at the end of 2025.

Charles Leclerc has hailed Fred Vasseur’s “vision” and cold-blooded approach after the Ferrari team principal was handed a new contract following speculation about his future.