“I am of the conviction that if you are prepared to let’s say shut the door, then you should be prepared to shut that door, and not shut it and expect it to open again.
“I think you have to be aware of the decision that you are making at the time, and that’s why also I’m not rushing into anything.
“The next weeks and months will probably bring some more clarity.”
In the announcement, Ferrari said that both parties had reached an agreement to part ways, with Binotto saying the decision was “taken jointly by ourselves and Sebastian.” Vettel maintained that finances did not play a part in the decision.
Vettel moved to Ferrari from Red Bull in 2015, hoping to bring the Scuderia its first drivers’ championship crown since 2007, when Kimi Räikkonen took his sole F1 title.
Despite promising progress from Ferrari with its car, particularly in 2017 and 2018, the team failed to capture the Formula 1 championship as Mercedes and Lewis Hamilton successfully continued its hybrid era domination.
In recent seasons, Vettel has come under more criticism for high-profile errors during races which have derailed championship campaigns. Mistakes in 2017 at Singapore and 2018 at Monza all but sealed his fate and handed momentum over to Hamilton in the title race.
With the arrival of Leclerc at Ferrari, the team has since thrown its weight behind the Monégasque driver as its number one.