Daniel Ricciardo says he is thrilled with the confirmation that Red Bull has secured an engine deal that will keep him racing in Formula 1 next season, though he admits even if he doesn't know what he will be using in 2016.

Red Bull appears to have ended its much discussed 'engine dilemma' following Christian Horner's confirmation that the team has secured a supply for 2016, though he says full details of the new deal will be made in due course.

It comes after months of discussions with other potential suppliers, but with Mercedes and Ferrari known to have rejected Red Bull's advances, it is widely considered it will run a version of the Renault power unit, but with its own developments headed up by engine guru Mario Illien.

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Ricciardo and Daniil Kvyat, meanwhile, have expressed their relief that an engine has been source, regardless of what it is.

"We heard as well that Christian (Horner) and the guys have made a deal with someone," he said. "So we have to wait for whatever reason to say. Maybe you can ask Christian and poke him a little bit and he will leak some information.

"It is good to know that we have got something. Obviously when the team announced we would be on the grid next year they were putting some plans into place for an engine supplier, so let's see what it is."