Ferrari retain Raikkonen for 2016

Getty Images

Ferrari have confirmed that Kimi Raikkonen will be retained for the 2016 Formula One season.

The Finn's current deal was set to expire at the end of the season, and speculation was rife that Sebastian Vettel could be joined by William's Valtteri Bottas or Le Mans 24 Hours champion Nico Hulkenberg next year.

However, Ferrari released a statement on Wednesday that read: "Scuderia Ferrari announces that it has renewed its technical and racing agreement with Kimi Raikkonen.

"The driver line-up next season will still consist of the Finnish driver and Sebastian Vettel."

Raikkonen returned to Ferrari in 2014 from Lotus having won the drivers' championship in 2007 during his first spell with the team.

However, the 35-year-old struggled to a disappointing 12th-place finish last year, and although performances have improved he has still been regularly outperformed by Vettel this season.

That led to rumours that Ferrari would pursue Bottas or Hulkenberg, with Italian media claiming earlier this year that they had bought out the Finn's Williams contract.

For now, though, Ferrari are to continue with their current drivers.