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Seven-times world champion Michael Schumacher has signed a one-year deal to return to Formula One racing with Mercedes GP for the 2010 season, Bild.de reported on Tuesday evening.

Having retired in 2006, Schumacher, who turns 41 on January 3, will be paid seven million euros (9.9 million US dollars) to be on the grid when the new season starts with the Bahrain Grand Prix on March 14 2010, Bild report.

It will be 1239 days after his last Formula One race in Sao Paulo at the Brazilian Grand Prix in October 2006 and Schumacher joins Mercedes in an all-German racing team after compatriot Nico Rosberg, 24, signed up last month.

Bild report Schumacher signed the contract on Tuesday at Mercedes’ headquarters in Brackley, England, to return to Formula One having won 91 of his 250 Grand Prix races and started in Pole Position 68 times.



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Michael Schumacher Return – signs for Mercedes GP

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