Lewis Hamilton is expecting to put pen to paper on a new Mercedes contract next month after achieving his fourth world title last weekend at the Mexico GP.
Hamilton, 32, has a current three-year deal in place, but it expires in 2018.
A lucrative new deal is expected to be confirmed by Mercedes and could be worth around £40 million-a-year, which would make it the biggest salary ever in British F1.
The deal is expected to be another three-year contract worth an estimated £120 million in total, £20 million more than the current deal, according to the Standard.
He would be only the third F1 driver to have his place and team confirmed for next season.
Red Bull's Max Verstappen and Ferrari's Sebastian Vettel are the only others to have their positions finalised. Both have deals running up to 2020.
Hamilton is expecting a seemingly simple negotiation process after he became the most successful British F1 driver in history.
"It is quite an easy process for us," Hamilton said.
"We already have something in place and it's really just about extending it and enhancing it, working on what more I can do for them, for the sponsors, the brand and vice versa.
"But I'm pretty sure within the next month or so we will have had time to have sat down. Now all the pressure is off, we can go and enjoy these next couple of races."
Hamilton is currently leading the championship by 56 points, despite Sebastian Vettel leading the standings for most of the year. However, the German's momentum tailed off in September with poor showings in Asia.
Mercedes boss Toto Wolff has praised the British driver on numerous occasions this year, and the pair have undoubtedly forged a closer relationship since Nico Rosberg's departure from the team.
Stevenage-born Hamilton also alluded to Rosberg's shock retirement from the sport last year.
He is hungry for more success, unlike Rosberg, who wanted to finish F1 driving partially because of a long-running hostile battle between the pair in the Mercedes camp.
"Four is a great number, but I want number five," the 32-year old admitted.
"I could do the easy thing like obviously Nico [Rosberg] did which is just stop and retreat with these four titles, but I think there's more in me, I think there's more to come, more of a challenge, as there are harder times ahead. I like that, I love that, that's challenging.
"I'm enjoying driving more than ever. Whether it's a few [years], a couple, or one, I'm still going to be here next year and I hope for a little time beyond that."
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