'Sergio Perez and Cadillac close the deal': Rumours of the Mexican's return true?

Or at least that what autoevolution.com reports. The deal between Perez and the American giant General Motors backed F1 team, according to the media outlet, has already been signed.

Furthermore, they claim it is set to be announced after the F1 circus has gone into the summer break set to start after the Hungarian Grand Prix has been raced on 4th of August.

It is to GPblog's understanding that Cadillac are yet to sign any driver to their line-up as of yet, with Valtteri Bottas and Perez both remaining as strong candidates to take over at least one of the seats of the two available.

Preffered candidate Colton Herta has seemingly dropped out of contention due to lacking the required points to attain an FIA Super License, necessary to race in Formula 1. With the American experiencing a season that has seen him unable to fight for the top spots it is now highly unlikely that he will be eligible in the immediate future.

The team principal who's spearheding Cadillac's entry into F1 also revealed speaking on the High Performance Podcast that the flock of drivers who are currently on the grid and are under expiring contracts, are set to renew with their present teams, making a note of George Russell's case at Mercedes.

As far as Cadillac goes they are looking at drivers who are currently out of F1. Speaking in the High Performance Podcast, though, Lowdon revealed that as of yet, no pen had been put to paper, when addressing the type of conversations he's had with the drivers that under consideration for the American team.