Renault Sport F1 president Jean-Michel Jalinier has revealed that the manufacturer will confirm its next team 'within a matter of days'.

His comments come following news of Williams' decision to switch to Mercedes powerplants from next year [see separate story - HERE].

Furthermore with Renault having agreed to supply Toro Rosso with engines from 2014, Jalinier admitted the loss of Williams will actually help to 'normalise the situation' for the French company.

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Renault currently supplies Red Bull Racing, Lotus, Caterham and Williams, and so with the addition of Toro Rosso, that could have left the regie potentially powering five outfits, although now that won't be the case.

"For Renault Sport F1, we have stated on numerous occasions that we would supply up to five teams if there was a requirement to do so, but this would not make sense economically or be ideal for our resources," he explained.

"Three, or up to four, teams is the ideal for us so the departure of Williams normalises the situation and makes things much clearer from our side.

"We will announce the next team within a matter of days, and then confirm the final stage before the end of June. We remain incredibly motivated about the challenge of the 2014 engines."

Meanwhile, Jalinier had this to say about Williams' defection: "We would like to thank Williams for the warmth it has extended to Renault over the last two years and wish the team the very best for the future. Williams and Renault have a long history together and quickly recaptured its winning spirit in the early days of the rekindled partnership with victory in Spain 2012.

"We will continue to actively work with the team until the Brazilian Grand Prix in November to end the second incarnation of the partnership with results that do justice to its reputation," he concluded.