MERCEDES could break the bank with a record-breaking deal to sign F1 world champion Max Verstappen as Lewis Hamilton’s replacement.

Sources in Austria claim the F1 team are tabling a whopping £128MILLION-A-YEAR package to lure the three time world champion

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Totto Wolf wants Max Verstappen at MercedesCredit: Getty

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The Red Bull star could replace Ferrari-bound Lewis HamiltonCredit: Splash
It comes after Red Bull Racing were rocked by the news that design whizz Adrian Newey is stepping back from his role in the team.

SunSport reported on Tuesday how Verstappen’s father Jos and his manager, Raymond Vermeulen, are expected to meet the three owners of the Merc F1 team.

That includes team boss Toto Wolff, Mercedes-Benz CEO Ola Kallenius, and Ineos and Manchester United shareholder, Sir Jim Ratcliffe.

The Verstappen camp have made it clear that they are assessing their options following their spectacular fallout with team boss Christian Horner.