If reports by German newspaper Bild are accurate, the 2010 Formula One season just got more interesting.

According to the paper, seven-time world champion Michael Schumacher is set to return to Formula One, only this time, he won’t do it with Ferrari->ke252, but instead, with Mercedes->ke187.

At the same time, news magazine Focus also reported about Schumacher’s impending deal with Mercedes, saying that the only thing that’s keeping the signing a formality is Schumacher passing a physical.

Sources have also said that “the signature is just a formality. Schumacher feels fit and healthy. The latest (medical) tests were entirely positive”.

Should he pass his physical with flying colors, Schumacher’s deal with Mercedes is expected to be around 3.5 m euros – a far cry from what he used to make while winning titles left and right with Ferrari.

Then again, we’re pretty sure that money is what prompted Schumacher to return to the sport he retired from three years ago. It’s all about the competition for him, an itch couldn’t scratch while sitting around as a consultant for Ferrari.

While nothing has been confirmed yet, there’s no denying that should Schumi return to the sport he once dominated, it’s going to make for a pretty exciting 2010 F1 season.

Photo courtesy of Getty Images

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