Eric Boullier says he would like nothing more than to see Kevin Magnussen continue competing in Formula 1 after being released from his McLaren contract.

After weeks of speculation, the Dane was formally dropped by McLaren earlier this month after failing to land a drive with the team for the 2016 season.

Having risen through the ranks as a McLaren junior development driver, Magnussen made his F1 debut with the team in 2014 but despite proving popular with bosses, the signing of Fernando Alonso pitched him into a head-to-head with Jenson Button over the remaining seat.

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With McLaren choosing Button, Magnussen stayed on board as McLaren's reserve driver with a view to being promoted again for 2016, but while Button toyed with the idea of retiring, the confirmation of an extended deal left Magnussen with few options at McLaren.

As a result, McLaren chose not to renew his deal - reportedly via an email from Ron Dennis on his birthday -, so he can pursue alternative options. Boullier, however, hopes this doesn't signal the end of his F1 career.

"His contract was ending this year, so there was an option to renew it or not and we decided to not renew it for several reasons.

"We as McLaren that Kevin obviously has a great talent and he has to be praised for that and he should get a drive in Formula One next year and his career should get there. Anyway he will have a successful career I'm sure. As far as I am concerned by the process, I will not comment.

It appears increasingly unlikely that Magnussen will race in F1 next season, with the only remaining seats on the grid belonging to Haas - though that is almost certainly set to go to Esteban Gutierrez - and Manor, which is likely to require outside funding.

He will, however, test with Porsche in its 919 Hybrid World Endurance Championship contender next month.