Ferrari has confirmed earlier reports in Italian media than Maurizio Arrivabene has left his post as team boss.

Italian publication La Gazzetta dello Sport broke the story on Monday morning, suggesting an announcement was likely as early as today.

That has proven to be the case with the Scuderia releasing a statement in the afternoon.

"After four years of untiring commitment and dedication, Maurizio Arrivabene is leaving the team," it read.

"The decision was taken together with the company's top management after lengthy discussions related to Maurizio's long-term personal interests as well as those of the team itself.

"Ferrari would like to thank Maurizio for his valuable contribution to the team's increasing competitiveness over the past few years, and wish him the best for his future endeavours."

Technical director Mattia Binotto has also been confirmed as his replacement, with the team stalwart also remaining the man of contact on all matters as a new man for his previous position is found.