Verstappen extends contract with Red Bull until 2023

The Dutchman had been linked with a move to Mercedes, with Lewis Hamilton's future still unclear following Ferrari's interest in his services for 2021 onwards.

Verstappen became the youngest ever winner of an F1 race when he claimed victory in his first race for Red Bull in 2016, and he has since gone on to win seven more races, and 23 more podium finishes. Last season, he finished third in the overall standings, ahead of both Ferrari drivers.

“I am really happy to have extended my partnership with the team," said Verstappen. "Red Bull believed in me and gave me the opportunity to start in Formula 1 which I have always been very grateful for. Over the years I have grown closer and closer with the team and besides the passion from everyone and the on-track performance it is also really enjoyable to work with such a great group of people.

"Honda coming onboard and the progress we have made over the last 12 months gives me even more motivation and the belief that we can win together. I respect the way Red Bull and Honda work together and from all sides everyone is doing what they can to succeed. I want to win with Red Bull and our goal is of course to fight for a world championship together.”

Commenting on the extension, Red Bull Racing Team Principal Christian Horner said: “It is fantastic news for the team to have extended our agreement with Max up-to and including the 2023 season. With the challenge of the 2021 regulation changes on the horizon continuity in as many areas as possible is key.

"Max has proven what an asset he is to the team, he truly believes in the partnership we have forged with our engine supplier Honda, and we are delighted to have extended our relationship with him.”