BMW-Sauber is expected to shortly announce that Nick Heidfeld will remain with the German team for two more years.
Bild newspaper reports on Tuesday that the 30-year-old and his team boss Dr. Mario Theissen finalised the contract during the summer break.
An official announcement could be issued as soon as today.
After an impressive 2007 season so far, Heidfeld will in 2008 and 2009 earn (US) $7 million per season, Bild claims.
His teammate next year will still be Poland’s Robert Kubica, with Timo Glock moving up to the full time test and reserve driver role if his talks for a race cockpit with teams including Williams do not come to fruition.