The 39-year-old has recently endured a number of frustrating seasons at his current team, having been replaced by Red Bull star Max Verstappen as F1's dominant force.
He has, however, shown glimpses of his undoubted talent in 2024, claiming an emotional victory at Silverstone, before following that up with a win in Spa in his last outing before the summer break.
Though a title this season remains unrealistic despite his return to form, his performances over recent months have sparked hope that a change in scenery next year will enable him to secure an elusive eighth championship.
Domenicali highlights Ferrari 'responsibility'
Speculation over who will replace him next season continues to dominate the headlines, with young talent Andrea Kimi Antonelli widely believed to be the man Toto Wolff plans to sign.
Verstappen had also been linked with a shock move to his F1 rivals, but that option now appears unlikely in the short term, at least.
While there are a number of uncertainties going into next season, the confirmed prospect of Hamilton lining up in red has sparked much excitement, with Domenicali now sharing his thoughts on the move.
Speaking to Italian media outlet, La Repubblica, the 59-year-old said: “[The Hamilton signing] is great news for F1: the first photos of Lewis dressed in red will go around the world.
"And it will attract a new audience, uniting the Ferrari world and the personal one, so different for Hamilton.
"It will be something explosive. It is important that they feel the responsibility of following a champion who wants to end his career winning and leaving his mark in Maranello, something that few have done."