Madrid: Formula 1 racing team Mercedes is confident that world champion Lewis Hamilton will sign a new contract soon.

Lewis Hamilton
Lewis Hamilton 

The Briton's current deal will expire at the end of the year.

Talks have started on the new deal, Toto Wolff, head of Mercedes-Benz Motorsport, has said discussions will come to a positive end soon, reports Xinhua.

"I have no doubt about that (Hamilton signing a new deal)," said Wolff yesterday.

"We met each other after the break one week ago and had a good discussion. There is no hurry. It's only January."

The 30-year-old Hamilton clinched his second F1 title last year, beating teammate Nico Rosberg at the final double-points race in Abu Dhabi.