The star and creator of the hot-ticket New York show, which is up for a record 16 Tony Awards on 12 June (16), will depart the production on 9 July (16), according to The Hollywood Reporter.

Miranda may not be the only actor exiting the show next month - many members of the current company have been in the middle of negotiations as their contracts expire in the next few weeks.

The success of the hit musical means Lin-Manuel is one of the busiest people in New York and Hollywood right now.

After working with J.J. Abrams on music for the last Star Wars film, he has also written the music for Disney's new animated musical Moana, which hits theatres in November (16) and movie mogul Harvey Weinstein and his The Weinstein Co. partners have picked up the movie rights to his first Broadway musical, In the Heights.

On top of that he has also signed on to star alongside Emily Blunt in Disney's Mary Poppins sequel, Mary Poppins Returns.

Sources also claim Manuel has also started work on a new musical.

He currently appears as the lead in Hamilton on Broadway eight times a week. The musical, which opened at New York's Public Theater in January, 2015, is grossing a staggering $1.6 million (£1.1 million) a week. It transferred to the Richard Rodgers Theatre in August (15) and became a cultural phenomenon, winning a Pulitzer Prize and a Grammy Award.

It has become one of Broadway's most difficult tickets to get and is sold out into January, 2017.