In what is nothing short of a fairy tale in the world of motor racing, Mick Schumacher, the son of Ferrari great and seven-time world champion Michael Schumacher, will race for Haas in Formula One next season.

The U.S.-owned team announced on Wednesday that the son of the legend has been signed by them on a multi-year deal. With it, the Schumacher name will make a racing return to Formula 1 in 2021.

21-year-old Mick Schumacher currently leads the Formula 2 title race by 14 points with one round remaining, in what is his second season in the series, winning twice among 10 podiums.

The Ferrari junior will link up with fellow F2 racer Nikita Mazepin in an all-new line-up for the American outfit, with the duo replacing Romain Grosjean and Kevin Magnussen.

“I’m very pleased that we’re able to confirm Mick Schumacher in our driver line-up for next season and I look forward to welcoming him into the team,” said Haas Team Principal Guenther Steiner.

“The Formula 2 Championship has long served as a proving ground for talent to showcase their credentials and this year’s field has undoubtedly been one of the most competitive in recent seasons. Mick has won races, collected podiums and excelled against some pretty exceptional talent in 2020.

“I firmly believe he’s earned the opportunity to graduate into Formula 1 based on his performances. We have an opportunity ahead of us, as a team, to evaluate and nurture a new driver given our familiarity with our race package heading into 2021.

“We are putting in place our building blocks for the continued long-term growth of the team and I look forward to Mick’s contributions both on and off the track in that process.”

Ahead of his racing debut with Haas in 2021, Schumacher will begin his preparations with an FP1 session with the team at the season finale in Abu Dhabi, followed by some tunning in the end-of-season test at the same track.

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