Ferrari has confirmed reports surrounding the future of Kimi Raikkonen by announcing that he will be driving in the 2016 Formula 1 season.
With rumours surrounding the Ferrari driver's spot, it is the first time that the Italian racing team has officially released the place of the Finnish driver.
Partnering up with 2007 world champion Sebastian Vettel once more, Raikkonen has retained his place in the face of competition from Valtteri Bottas and Daniel Ricciardo, to name but two.
Raikkonen told Autosport: "What can I say. For me, to be able to stay another year at Ferrari means that the dream goes on."
Ferrari team principal Maurizio Arrivabenes said: "We believe extending Kimi's contract into the next season will provide further stability to the team."
He went on to add: "On our side, this shows our great confidence in him, and I expect this confidence to be rewarded."
Raikkonen's contract is extended at Ferrari in the wake of a disappointing performance so far this season. The Finn has failed to perform, in contrast to his teammate.
He has only achieved one podium finish – second in Bahrain – whilst his teammate Vettel has achieved seven podium finishes.
Raikkonen continued: "The Scuderia is my family, as I always said, it's here I want to end my career."
Bottas, who was rated to be Raikkonen's replacement, will remain at Willaims for the next season following this announcement.