Kimi Raikkonen will sit out of Formula One next season after failing to clinch a deal with McLaren, Finnish daily Turun Sanomat has reported.

Kimi Raikkonen

“The options in F1 were with McLaren next season or nothing,” the paper quoted Raikkonen’s manager Steve Robertson as saying late Tuesday.

“Kimi and McLaren were unable to reach an agreement, so he will not drive at the F1 level – at least not next year.”

The Finn, who won the world championship with Ferrari in 2007 has left that team to make way for the arrival of Fernando Alonso.

He had previously said he would consider switching to rally driving in 2010.