Former Grand Prix winner Olivier Panis has lost his driver's license after he was caught speeding, it is being reported by the international media.

Italy's La Gazzetta dello Sport said the 42-year-old was driving a Ferrari when it was clocked at 212kmh by police patrolling a 130kmh-limited motorway.

The newspaper said Panis, who last contested a Grand Prix for Toyota in 2004, was driving the A40 motorway between the French town of Chamonix-Mont-Blanc and Geneva.

The Frenchman's license was suspended, the car seized, and he has been summoned to appear in court at the end of March.

The French morning newspaper Le Figaro said Panis fell foul of a speed camera on November 6, and will report to the police court in Bonneville (France).