Hamilton's current contract is set to expire at the end of the year although both sides have expressed a desire to continue together in 2016. Contract negotiations were put on hold during 2014 in order to allow Hamilton to concentrate on the championship.
In case Hamilton does not agree to extend his contract, Mercedes Team Boss Toto Wolff has identified Fernando Alonso as his main target to replace Lewis Hamilton for 2016 season.
Talking about Lewis Hamilton's contract negotiations to Gazetta Dello Sport, Wolff said "There's no hurry, it will be discussed during the year,".
After being asked if the two do not reach to an agreement, Wolff said "I am optimistic [of reaching a deal with Hamilton], the priority is to continue with these two drivers. But if it's not possible, Alonso is the first alternative. Then there is [Valtteri] Bottas".
