Ferrari to announce drivers 'around Monza'

Todt's comments come on the back of Michael Schumacher saying he could wait until the end of the year to make up his mind on whether to retire or continue racing in Formula One.

Ferrari technical director Ross Brawn said on Friday the team were happy to wait for the German driver to decide.

"I think someone of the magnitude of Michael gets as much time as he wants and we have to work around it," said Brawn. "We are not objecting and we are happy to wait, so we will see what happens."

Despite Schumacher's comments, however, Todt said after the Spanish Grand Prix that they expect to announce their drivers by Monza.

The Frenchman also was critical of the constant rumours surrounding Schumacher.

"You know, in a way, it's a bit tiring to always have speculation and we know that once we will announce the drives, we start on other speculation," said Todt.

"When we answer to those new speculations, we will have some other ones, so in a way, to concentrate on speculation at the moment on drivers is quite good because we don't get on other matters.

"We have a good harmony in the team. Everybody knows that Michael is like the spoiled, which he deserves, kid, in the team, together with Felipe. They get on very well. You must see the photo on the podium in the last Grand Prix. You can see the harmony.

"So I want Michael to be happy, I want Felipe to be happy. Saying that, we need to make sure to secure that Ferrari is in a strong situation for the present and for the future.

"That's what we will do and together with Michael, when Michael feels comfortable with the announcement, we should announce it around Monza."