Hamilton, who tied Michael Schumacher's record of F1 driver's titles with a win at the November 15 Turkish Grand Prix, is set to be named in the Queen's new year's honors list, according to the report.
The Formula One champion will receive the gong despite his controversial tax affairs.
Formula One superstar Lewis Hamilton will be awarded a Knighthood in the New Year's honours list after winning his seventh world championship this year.
According to a report by the Sportsmail, Prime Minister Johnson is happy to overrule the reluctance usually shown within the sports honours committee to knight an active athlete.More news: Xbox Series X, Series S Controller Support Coming To iPhone And iPad
Boris Johnson intervenes to secure Lewis Hamilton's knighthood reward, as would be breaking reluctance by giving the honour to an active sportsperson.
However, Hamilton's tax status has delayed the impending elevation.
From title glory in only his second season competing in F1 - memorably achieved in last lap, last corner showdown that will forever live in infamy - to his nearly peerless route to the 2020 F1 title at the wheel of the "noir" Mercedes, here are Lewis Hamilton's landmark title successes in rank order.
Hamilton said last week: 'When I think about being knighted, I think of people like my grandad who served in the war.More news: Square Enix Announce Neo
The only Black driver in F1, Hamilton has tried to bring attention to protests for racial justice this year, taking a knee before each race, and wearing shirts with the slogans "Black Lives Matter" and "Arrest The Cops Who Killed Breonna Taylor" at races.
Nobody has won more driver championships than the pair in the sport.
And Hill feels the seven-time world champion receiving a knighthood will be recognition of his efforts on and off the track.
"He has destroyed the preconception that it can't be done, that there is an area where you cannot achieve something because of the colour of your skin".More news: ‘Jeopardy!’ continues with Ken Jennings, other guest hosts after Alex Trebek’s death