Mark Webber looks set to remain with Red Bull Racing for at least one more season after reports emerged that the Australian has extended his contract with the Milton Keynes-based team.

Webber has been part of the team since 2007 and has taken all six of his F1 victories with the team, with his best championship finish coming last season where he finished third - having been the points leader heading into the latter part of the campaign.

The Australian is currently on a year by year contract with the team, but Finnish newspaper Turun Sanomat has now reported that an extension to Webber's current agreement has been signed and will be announced ahead of the Hungarian Grand Prix next weekend.

Although there has yet to be official comment from either driver or team on the report, Red Bull team boss Christian Horner again reiterated during the German Grand Prix weekend that he expected Webber to re-sign - with the arguments that followed the team orders call at Silverstone having no impact on his relationship with the team.

"We started talking a short time ago, so Silverstone had no effect on these talks," he told the official F1 website. "I always said that I expect our 2012 driver line-up to be the same. Obviously we haven't sat down and signed the contract, but ultimately I expect that to be a formality.

"I am very happy with the two drivers we have. They push each other hard and I can't imagine any other driver in our car, or Mark Webber in any other team's car next year."

Horner added that he felt that Webber and Sebastian Vettel were the best pairing that Red Bull could hope for.

"I think for us this is true," he said. "The dynamics between them tells us so. They push each other harder then perhaps some others, so we are very happy with that combination. They are now together in their third year and it is logical that we are looking to extend that."

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