Ferrari announced on Tuesday morning that four-time world champion Vettel would be leaving at the end of the 2020 season after both parties decided against renewing the contract following a breakdown in talks.

Vettel's departure is set to have major ramifications on the driver market for 2021, reaching as far as the Mercedes team, where incumbent drivers Lewis Hamilton and Valtteri Bottas are both out of contract at the end of the year.

Mercedes F1 chief Wolff said that while the team was loyal to its existing drivers, it had to consider the effects of Vettel's departure from Ferrari.

"Sebastian is a great driver, a major personality and an asset to any Formula 1 team," Wolff said.

"When looking to the future, our first loyalty lies with the current Mercedes drivers.

"But naturally

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