Lewis Hamilton will leave Mercedes at the end of the 2024 season and join Formula One rivals Ferrari on a multi-year deal in 2025.
The 39-year-old only signed a new two-year deal with Mercedes last summer.
However, it is understood his contract contained a break clause after one year, which the Briton has chosen to activate.
Hamilton said he was "so proud" of the success he had achieved in 11 years with Mercedes.
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