Jenson Button is to stay with the McLaren Mercedes team after agreeing a new multi-year deal to stay with the Woking-based outfit.

Button, who joined the team in 2010 as the F1 champion, had been at the centre of speculation regarding his future in recent weeks but has instead put pen to paper on a contract extension that confirms he will stay with McLaren for the foreseeable future.

Currently second in the championship standings behind Sebastian Vettel, Button has so far taken four victories in McLaren colours and admitted he thrilled to extend his tenure with the team.

"I've never felt more at home at a team than I do at Vodafone McLaren Mercedes," he said. "I've won four of the greatest races of my life here, I'm currently lying second in the drivers' world championship, and I feel that I'm driving better than ever.

"You can only achieve that with the right level of support - and I truly believe that the passion and determination to win are stronger here at Vodafone McLaren Mercedes than anywhere else. As a grand prix driver, those are incredibly powerful feelings to share and be part of, and they've only reinforced my desire to commit my long-term future to this team."

Button added that a key part of his decision to extend his deal was a belief that McLaren can give him the car with which to fight for a second championship title.

"I've made no secret of my ambition to continue winning races and world championships, and I fully believe this is the place where I can achieve those aims," he said. "We at Vodafone McLaren Mercedes know how to win, and we're busy refining an organisation that will enable us to keep on doing that for years to come."

Team-mate Lewis Hamilton welcomed news that Button is to stay on, with the British duo having struck up a strong relationship over the course of their time together thus far.

"It's great news that Jenson has chosen to stay with Vodafone McLaren Mercedes," he said. "Jenson has been a great person to work with, and a genuine team-player, from the moment we welcomed him on board. Vodafone McLaren Mercedes is a team with a unique and successful tradition in Formula 1, which I'm proud to be part of.

"It was the best moment of my career when I won the drivers' world championship with this team. Jenson and I are as hungry and as ambitious as ever to win races and world championships in the future."