Fernando Alonso has signed a new five-year deal with Ferrari which will see him remain with the team until the end of the 2016 season.
“I am very happy to have reached this agreement,” said the 29-year-old double world champion.
“I immediately felt comfortable within Ferrari and now it feels to me like a second family.”
The deal comes just twelve months into his three-year contract and will lead to further speculation over the future of team-mate Felipe Massa who is out of contract at the end of next season.
Alosno, world champion with Renault in 2005 and 2006, feels he will stay at Maranello for the rest of his career.
“It is natural for me to decide to extend my relationship in the long term like this, with a team at which I will no doubt end my Formula One career one day.”
Ferrari president Luca di Montezemolo said: “It is a great pleasure to have renewed our agreement with a driver who has always demonstrated a winning mentality, even in the most difficult circumstances.”
Alonso missed out on the 2010 Drivers’ Championship to Red Bull’s Sebastian Vettel at the last race in Abu Dhabi following a poor pit-stop strategy.
The Spaniard’s signing will boost the Italian outfit which has struggled so far in 2011.
Alonso scored the team’s first podium of the season in Turkey – the fourth race of the season – as the team’s quest for a first drivers’ title since 2007 got off to a slow start.