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Formula 1 world champion Red Bull's Sebastian Vettel is reportedly set to sign with Ferrari.
The German ace currently leads the 2012 championship after winning his third straight grand prix in South Korea on Sunday.
British media believes Vettel will replace Felipe Massa at Ferrari after the Brazilian was resigned for one more year.
However, Ferrari president , Luca di Montezemolo, rejected reports that Vettel was set to join the Italian outfit.
"I've always said that I don't want two roosters in the hen-house. I don't like that and it creates instability in the team," he told Italian radio.
Germany's Vettel, currently racing for Red Bull, is the reigning Formula One champion and on Sunday drove to victory in the South Korean Grand Prix, leapfrogging Ferrari's Fernando Alonso at the top of the drivers' standings.
Alonso had sanctioned the move after previously ruling out pairing up with Lewis Hamilton, who will move from McLaren to Mercedes next season, according to unnamed sources at Ferrari quoted by British media.
The Spaniard won the world title in 2005 and 2006 with Renault but has not finished above second with the Italian team.
The reports also state Vettel has signed a pre-contract agreement that is said to contain performance-based clauses that will mean Ferrari have to produce certain results to have Vettel sign.
If the 25-year-old was to sign with the Italian powerhouse - alongside title rival Fernando Alonso - it would mean arguably the most powerful line-up in Formula 1 history.
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