Jul 7th, 2018

Jul 7th, 2018

Red Bull superstar Daniel Ricciardo's contract negotiation has been one of the biggest talking points in Motorsports and now the Aussie star has revealed what went wrong in talks with Ferrari.

Following rumours that he may potentially leave Red Bull to sign a new deal with Mercedes or Ferrari, it now appears that the 29-year-old is likely to re-up with Red Bull and he has explained where the talks fell over.

"I actually thought there would be more interest than there has been from (Ferrari)," Ricciardo told Motorsport Magazine.

"But maybe something has happened or whatever, I don't know.

(AAP) Ricciardo looks set to extend his time with Red Bull (AAP)

"It's probably safe to say that my options are pretty limited."

Despite talk that Ricciardo may partner Lewis Hamilton by signing with Mercedes, the Australian suggested that they are unlikely to change their drivers at the top.

Ricciardo did admit that while there has been no final decision made, that he is leaning towards a Red Bull return.

"I'm obviously leaning toward staying here," he said.

(AAP) Mercedes has so far appeared unwilling to shift its drivers around (AAP)

"I expect to have something signed sealed and delivered by the summer break. It's definitely getting closer."

Ricciardo's confidence in getting a deal done was also echoed by Red Bull boss Christian Horner.

"We've now got to the point where there is a desire from both sides to continue the relationship," Horner told reporters ahead of the British Grand Prix.

"So it's just a matter of now really going through the detail and coming to a conclusion which will certainly be done prior to the summer break."