Fifty-year-old Formula 1 legend Michael Schumacher will have a documentary filmed in honour of his life, it has been revealed.

German filmmakers Michael Wech and Hanns-Bruno Kammertons are directing the film and have gotten full consent and support by Schumacher's family in the process.

Explaining what exactly the documentary will be about, the filmmakers said it will "explore the many facets of this complex man – the merciless Formula One driver, the ambitious boy with the dream, the down-to-earth mechanic, the dependable team player, and the devoted friend and father."

The documentary will extend outside his time with Formula 1, which will include family interviews.

The documentary comes at a special time for Schumacher and his family, with his 50th birthday passing back in January and the 25th anniversary of his first world championship triumph.

"It is an important year for Michael Schumacher," said producer Benjamin Seikel.

"His 50th birthday (was) in January and the 25th anniversary of his first world championship victory in November.

“We are thrilled to have the trusting co-operation of Michael Schumacher's family and management. Without their support this film would not have been possible."

The German star has etched his name in the history books of Formula 1, recording a record seven F1 titles and 91 Grands Prix victories.

In 2013, however, Schumacher suffered a life-threatening head injury while skiing with his 14-year-old son at the time.

His health was held as stable as possible through a medically induced coma, and he has since been discharged from the hospital, however, updates on his health have been scarce ever since.

The film will act as a tribute to Schumacher's life and an honouring of one of Formula 1's best performers.

The film will not, however, disclose any update on the 50-year-old's health.

"It is time for a film," producer Vanessa Nocker.

"And it goes without saying that we are very much aware of the great responsibility we bear here."

The film will certainly be one that catches a great deal of fanfare, and rumours have surfaced that the release date will be December later this year.

Whenever the documentary releases, it will certainly be a must-watch for all fans.