Red Bull has moved to put an end to speculation surrounding Adrian Newey's future by announcing "a new multi-year agreement".
Newey has been linked with a move to Ferrari on numerous occasions and did not reject the most recent reports during the Spanish Grand Prix weekend. However, Red Bull has now announced a shift in role for Newey as part of a new deal, with him moving to work on "new Red Bull technology projects" and taking on an advisory role within the F1 team.
"Red Bull is pleased to confirm that it has extended its successful relationship with Adrian Newey with a new multi-year agreement," a statement from Red Bull read.
"As part of this new agreement, Adrian will work on new Red Bull Technology projects, as well as advising and mentoring Infiniti Red Bull Racing as it develops its Formula One cars over the next few seasons. The details of the new projects will be announced in due course."
Newey joined Red Bull at the beginning of the 2006 season as chief technical officer, with the team going on to win four consecutive drivers' and constructors' championships from 2010 to 2013.