Vitaly Petrov's manager has revealed that her client is likely to sign a new agreement with Renault F1 for 2011 within the next few weeks - finally bringing to an end the ongoing speculation regarding the young Russian rookie's future.

Petrov's place at Renault has been under threat for some time, with the Enstone-based outfit appreciating the financial sponsorship the 26-year-old is able to bring to the team from his homeland - but less appreciative on occasion of his frustrating inconsistency and alarming predilection for throwing his car into the wall.

However, after producing a superb performance to fend off double F1 World Champion Fernando Alonso in a palpably faster Ferrari all the way to the chequered flag to finish a strong sixth in the Abu Dhabi season finale just over a week ago - thereby securing 13th spot in the final drivers' standings - it appears the man dubbed the 'Vyborg Rocket' has now done enough to earn himself a stay-of-execution.

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"I am still working in this direction, but so far nothing definite can be said," stated his manager Oksana Kosachenko, speaking to Russian newspaper Sovetsky Sport. "Most likely, we'll sign a contract in the second week of December. As for Vitaly, he is on vacation now and he'll spend the next two-to-three weeks outside of Russia."

Kosachenko is understood to be bidding for a two-year deal for Petrov, and has hinted that even if Renault elects not to retain him, there is another possibility to prolong his F1 career.