Berlin: Retired seven-times Formula One champion Michael Schumacher has agreed a one-year deal to drive for Mercedes in 2010, Bild newspaper reported on Tuesday.
The newspaper said the German, who retired in 2006, signed the deal at the team’s offices in Brackley, England, after a month of talks.
Schumacher will reportedly earn 7 million euros ($10 million).
Mercedes, who have taken over champions Brawn, have signed Germany’s Nico Rosberg for 2010 and Schumacher, who will be 41 in January, will return to F1 after aborting plans for a comeback with Ferrari this year as a stand-in for injured Brazilian Massa because of fitness concerns.
Ross Brawn guided Schumacher to all his seven titles as technical director and master strategist at Benetton and then with Ferrari. Schumacher also drove for the Mercedes sportscar team before breaking into Formula One.
Since his retirement the German has worked as a consultant for Ferrari.