Arguably the best-connected member of the Brazilian Formula One media, Galvao Bueno, has revealed that Felipe Massa only needs to put his signature on a new Ferrari contract for 2011.

In the wake of strong speculation that the 29-year-old Paulista might lose his seat to a rival driver, it was reported in Turkey that Massa is now closing on a new deal.

Galvao is the influential lead commentator and head of sports for Brazil's Globo TV.

Ferrari had a bad weekend at Istanbul Park, but Galvao said: "Want the good news about Felipe Massa? Everything is set (for a new deal).

"(The contract is) missing two or three commas, but the signing should happen quickly now."