|AP Photo/Darko Vojinovic
Sergio Perez has confirmed he will remain with the Force India team for the 2017 Formula One season.
Force India held an option on Perez for 2017, pending the completion of a deal between team, driver and his personal sponsors, headed by Mexican telecommunications firms Telmex and Telcel.
The team confirmed in a statement released after Sunday's Malaysian Grand Prix that the deal had been agreed.
"I'm very happy with this team and I have a good feeling for the future. I've seen the progress we've made over last couple of years and I'm sure we have the potential to achieve even more going forward," Perez said in the statement.
"The team knows me well and it's important to have stability, especially with some big rule changes planned for next year."
Perez was reportedly a target for Renault, which is chasing an experienced driver for next season, when the cars will undergo major changes due to new design and engine regulations.