The Italian manufacture and team principle Mattia Binotto have decided to put faith in Charles Leclerc by failing to reach a deal with Vettel over a new contract, leaving the German in need of a new team should he continue past 2020.
The 32-year-old had made his name as the best driver on the planet thanks to his four consecutive world championships with Red Bull Racing between 2010 and 2014 – but has failed to finish higher than second since moving to Ferrari.
In light of the shock update regarding his pending departure, Daily Star Sport have taken a look at five routes Vettel could pursue in his quest to get back to the top of his game.
Return to Red Bull
An obvious move for Vettel would be to return to the team where he earned his stripes.
Red Bull bosses might seek a return for their former champion given his uncertain future, but that could be disrupted thanks to the form of Max Verstappen.
Verstappen has impressed as their lead driver and won three races last year – gaining interest from Mercedes boss Toto Wolff.
That connection could even see Lewis Hamilton take Vettel's spot at Ferrari with Verstappen in turn being replaced by the German at Red Bull.
Good fit for McLaren
McLaren-Renault could bring Vettel in to give them a shot at winning a first Drivers’ Championship since 2008.
Team principle Andreas Seidl might consider replacing either Lando Norris or Carlos Sainz Jr to make room for the former world champion in their quest to rise back up the rankings.
With Hamilton recently going within one world title of Michael Schumacher's record tally, the Englishman has been open about his desire to find a new challenge in the future.
His love for Ferrari makes a move to the The Prancing Horse far from impossible, leaving Mercedes with a gap that could in theory be filled by his old rival Vettel.
Renault would likely be prepared to pay Vettel a rather large sum of money should he fancy a move to their team in 2021.
The French manufacturer is paying Daniel Ricciardo bundles despite his disappointing form, and could decided to either reunite the former Red Bull colleagues or move their current man on to finance the new venture.
Retirement from F1
Should Vettel join another F1 team in 2021 he would risk doing damage to his already waining legacy.
Despite his age of just 32, Vettel hasn't won the championship since 2014 and has witnessed Hamilton push on to be classed as one of the best drivers of recent memory alongside Schumacher.
The truth is that there are very limited other projects that could pay the money to keep Vettel in motor racing.
IndyCar secured Fernando Alonso following his F1 exit and a similar move could conceivably be mustered up, but it is whether Vettel wants something quite so intense.
Formula E is the only other legible option, as they look to add to the star power of Felipe Massa, Jean-Eric Vergne, Stoffel Vandoorne and other former F1 stars on their grid.
FE chiefs have been willing to invest heavily into their teams and the schedule is not as taxing as other series, which could make it an interesting pre-retirement project for Vettel.
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