Formula 1 has confirmed its planned tributes to Niki Lauda ahead of this weekend's Monaco Grand Prix.

Three-time F1 world champion Lauda died at the age of 70 earlier this week, sparking an outpouring of tributes and emotions from the paddock following the loss of one of the sport's biggest icons.

A number of teams have already confirmed they will run with tributes to Lauda on their cars in Monaco, with Mercedes turning its Halo red for the weekend.

F1 has now formally confirmed its own tribute plans, with a minute's silence set to be held as part of the pre-race build up.

The 20 drivers standing at the front of the grid will be joined by the regular dignitaries, but also by figures "who played a special role in Lauda's career - his contemporaries and his peers", who will be holding red caps similar to the one Lauda was famous for wearing.

"Formula 1, the FIA, the Automobile Club de Monaco and all ten teams want to invite all fans attending the race in the Monaco grandstands to pay their own tribute to the driver who won here in the Principality in 1975 and 1976, during the in-lap of this the 90th edition of the race," the announcement from F1 adds.

"They can either wear a red cap, display a message on a banner, or simply applaud, while those watching from the yachts in the harbour can sound their klaxons, anything appropriate to honour the memory of one of the sport’s true heroes."