Reports are emerging in Germany, that Michael Schumacher has signed a new contract with Ferrari for 2007.

The same reports claim that Kimi Raikkonen is keen to join the Italian outfit, creating a 'dream team', but stop short of saying that the Finn has done a deal.

Schumacher has already said that he will wait until later in the season before deciding his future, much of this dependent on the performance of the 248 F1.

However, the 2006 car's performance in Bahrain, not to mention the fact that other leading Ferrari team members, including Jean Todt and Ross Brawn have re-committed to the marque, may have caused the seven-time World Champion to make his decision earlier than planned.

Since McLaren announced that it had signed Fernando Alonso for 2007, there has been continued speculation as to Raikkonen's future. The Woking team has said that it would be happy to retain him, but at the same time will not stand in his way.

Raikkonen, providing the cars offered by both teams are competitive, will be tempted by the opportunity to go head-to-head with two of the best drivers of the modern era.