Rome - Former Formula One world champion Fernando Alonso has reached an agreement with Ferrari to join the Italian team from 2011, according to a report in Italian sports daily La Gazzetta dello Sport on Sunday. There was no confirmation from Ferrari for the report which said the Spanish driver could join Ferrari a year earlier if 2007 world champion Kimi Raikkonen has another disappointing season in 2009.
Ferrari have Finland's Raikkonen and this year's title runner-up Felipe Massa of Brazil under contract until the end of 2010.
Two-time champion Alonso's current deal with Renault also runs for two more seasons.
According to the Italian report, Alonso has agreed on a three-year deal with Ferrari with an option for a further year.
Meanwhile it was reported by Italian newspaper La Stampa that Mexican billionaire Carlos Slim is interested in buying the Honda Formula One team for a symbolic price of 1 dollar.
Honda announced earlier this month it was pulling out of F1. Slim would have to invest some 300 million euros (421 million dollars) to finance the team next season
La Stampa reported that a condition of any buy-out is that Bruno Senna join the team alongside Britain's Jenson Button. Team-mate Rubens Barrichello of Brazil would thus be left without a drive.
Senna is nephew of the three-time Brazilian world champion Ayrton Senna who was killed in a crash at the San Marino Grand Prix in 1994.
