Martin Brundle believes Lewis Hamilton has four options available for next season but his main choice is between home comforts and "fresh oxygen".
Out of contract at the end of this season, Hamilton could opt for his McLaren career to draw to an end despite the Woking team putting a £60m offer on the table.
The new deal reportedly runs for three years but could be extended and could also include space on his overalls for him to sell thereby increasing his yearly wages.
However, McLaren are not Hamilton's only option.
With three top teams, Red Bull, Ferrari and Mercedes, all having a space open for next year's Championship the Brit, who entered F1 back in 2007 under Ron Dennis' guidance, could yet switch outfits.
"It's contract negotiation time but the question is where could he go?" Brundle said in an interview with Sky Sports News.
"Mercedes-Benz are starting to go very well and he has a strong relationship with them... Ferrari (are another option), but would Alonso have him there?
"Red Bull, but would Vettel have Hamilton there - or will Vettel indeed be there given there's talk of him moving to Ferrari?"
But while Hamilton may have four options, Brundle reckons it boils down to two choices; home comforts or a new adventure.
"He's comfortable at McLaren but will he fancy a bit of fresh oxygen by going somewhere else? I imagine he's weighing that all up at the moment."