Aston Martin are attempting to sign Max Verstappen from Red Bull in a deal worth around £1billion – by far the most lucrative in Formula 1 history. But former F1 champion Jacques Villeneuve has explained why the Dutchman will have no interest in joining the British team any time soon.

Aston Martin is not attempting to woo sponsors by using Max Verstappen's name as a lure, a spokesperson has clarified.

Aston Martin have denied that they are preparing a £1 billion deal to sign four-time F1 world champion Max Verstappen. Crash.net understands that a report by the Daily Mail, which suggested Aston Martin are upping their efforts to sign Red Bull's Verstappen, is wide of the mark.

Reports of an astronomical offer from Aston Martin for Max Verstappen were immediately denied by the team. But what is the background, why is Red Bull not too concerned yet and is Verstappen in a luxury position?

Speculation about a Max Verstappen switch to Aston Martin has circulated ever since Adrian Newey signed with the Silverstone

This Thursday, the Daily Mail released a rumour that Aston Martin target to sign Max Verstappen with a £1 billion deal. Since than, in an exclusive, GPblog could also share the Dutchman's team's response.