A popular event on the current Formula 1 calendar is set for a contract extension announcement according to reports from the host country’s government.

Will Sergio Perez make F1 home crowd comeback?

Christian Horner’s outfit opted to terminate Perez’s contract prematurely after a significant dip in form throughout 2024 where the Mexican racer finished seven places below his champion team-mate Max Verstappen.

Perez’s performance woes became painfully evident at the 2024 round of his home grand prix, crossing the line P17, last place on a day where there were three DNFs.

The 35-year-old has taken a sabbatical from the sport to spend time with his family but having been away from F1 for over four months, Perez recently revealed that a return could be on the cards as American outfit Cadillac look to recruit an experienced driver for their debut season next year.