Raikkonen’s manager Steve Robertson told Finnish newspaper Turun Sanomat negotiations between the two parties had ended. An undisclosed source confirmed the story.
There are still many places available for 2010 but few of them in teams that are likely to be competitive enough to attract the 2007 champion.
His best bet for a drive could be the new Mercedes Grand Prix team – if it is indeed not looking for two German drivers next year.
And there’s no room at championship runners-up Red Bull unless contracts are broken.
Is this the end of the road for Raikkonen in F1? Might he take a seat with a lesser team to guarantee he’ll stay in the sport? Or will he just go rallying instead?
Update: According to Autosport Raikkonen will take a sabbatical in 2010. But will he return in 2011? We’re still waiting for Mika Hakkinen to return from his 2002 ‘sabbatical’…
Read more: 2010 F1 drivers and teams