Mick Schumacher has been announced as a Mercedes driver for the 2023 season, following his exit from the Haas F1 team.
The 23-year-old was left without a full-time Formula 1 drive after Haas announced that they would sign Nico Hulkenberg to partner Kevin Magnussen for 2023.
It was also recently confirmed that Ferrari would be discontinuing their association with Schumacher, bringing their collaboration to an end after four years.
Mercedes' boss Toto Wolff, who has admitted his desire to bring the Schumacher name back to the Silver Arrows, has now moved to sign the Formula 2 champion as reserve driver for next season.
In the announcement, Mercedes confirmed that Schumacher would be undertaking simulator duties, marketing duties, and be present at all Grand Prix events in 2023.
Viewed by others:
Schumacher aiming for driver development in Mercedes role
Schumacher has been public in his desire to return to the F1 grid for 2024 and is likely to be aiming for a one-year arrangement with the team.
The German driver expressed his desire to 'absorb knowledge' during his time with the Mercedes team.
"I am thrilled to be part of the Mercedes-AMG PETRONAS F1 Team as their reserve driver for 2023, and I am committed to give it my all to contribute to their performance in this very competitive and professional environment," said Schumacher.
"I take this as a new start, and I am just excited and grateful to Toto and everybody involved for putting their trust in me.
"F1 is such a fascinating world, and you never stop learning, so I look forward to absorbing more knowledge and putting in all my efforts for the benefit of the Mercedes team."
Video: How F1's prize money is distributed and who actually gets what
How has F1’s distribution of income changed since the new Concorde Agreement came into force in 2021?
RacingNews365 takes you on a journey through F1’s financials, and explains how the sport’s revenues trickle down to its ten teams.