Jolyon Palmer says he has 'faith' that ongoing discussions between Lotus and Renault will be resolved soon following the confirmation he will race for the Enstone-based team in 2016.

The 2014 GP2 Series driver joined Lotus as a reserve driver for 2015 but will progress to a race drive next season alongside Pastor Maldonado and in place of Haas-bound Romain Grosjean.

The announcement comes despite continued uncertainty over Lotus' ultimate future, with talks between itself and Renault continuing to drag on over a potential buy-out.

Related Articles

Though Palmer says his deal means he is any the wiser over what guise Lotus will take next year, he is optimistic of a positive outcome.

"It's been very tough for the whole team, but I had faith with the Renault talks ongoing," he said. "I don't really know inside the minds of the Renault bosses or even the shareholders here; whether there's something. Even if Renault doesn't happen, maybe they've something else in their mind.

"So I just had to have faith that something was going to happen. The team's too good not to be doing anything next year. I'm sure it will get picked up at some point."

Palmer is set to see out the season with stints in the car during FP1, each time in place of Grosjean.