"Bernie Ecclestone made it clear to me live on television on Sunday that Schumacher was leaving, although Schumacher later played it down.
"So it would appear Michael is leaving and Lewis is arriving at Mercedes.
"Hamilton has not agreed terms with McLaren yet. In fact, the team have made it clear they cannot offer him as big a salary as his current $15m (£9.42m) deal, which was negotiated before the global financial crisis.
"On top of that, McLaren have to pay for their Mercedes engines for the first time next year."
Jordan said a switch to Mercedes would make a "lot of sense" for Hamilton and his manager Simon Fuller, the man behind the Spice Girls and now David Beckham.
"Fuller is trying to position Hamilton as a major global star, like Beckham, and Mercedes is a much bigger global brand than McLaren," said Jordan.
He also said Hamilton's signing would be a "massive coup " for Mercedes at a time when there has been some uncertainty their position in F1.
Hamilton secures dramatic 2008 title win
If Hamilton left McLaren, it would leave the team with a huge hole to fill.
Among the candidates for the vacancy alongside Jenson Button would be Scot Paul di Resta, currently at Force India, and Lotus driver Kimi Raikkonen.
Di Resta, who has the same management team as Button after splitting with Hamilton's father Anthony, has continued to impress this season, his second in F1 with Force India.
Raikkonen, who drove for McLaren from 2002-05, was tipped for a return to his former team in 2010 before negotiations broke down over money and team boss Martin Whitmarsh turned to Button.
Raikkonen returned to F1 this season with Lotus after two unsuccessful years in world rallying and although he has had some unconvincing weekends, his performances have been increasingly impressive.
BBC Sport understands Raikkonen is on course to satisfy performance clauses in his contract that would commit him to Lotus in 2013, which means any team that wanted him would have to pay Lotus compensation.
The 32-year-old Finn currently lies fourth in the championship, one place ahead of Hamilton, with eight races remaining this season.
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