Nico Rosberg says it was always his goal to sign a new contract with Mercedes following the confirmation he will remain with the manufacturer for another two seasons.

Ahead of the Hungarian Grand Prix, Mercedes announced Rosberg had signed a new two year deal that will keep him with the 'Silver Arrows' until the end of 2018 alongside Lewis Hamilton.

CONFIRMED: Nico Rosberg pens a new two year deal with Mercedes

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Ending weeks of speculation about his future within the team, though it was rumoured Rosberg was unhappy with the terms being offered by Mercedes, he insist he is 'very, very happy' with his 'dream team'

"I've always said that I'm happy at Mercedes," Rosberg said. "I'm very, very happy with signing because it is my dream team and it's my family away from home. It's my racing family and we have a great time together. I'm sure we will have a very, very successful future also.

"I'm super excited now that it's happened and I'm looking forward to some more great years together. This is my racing family so it's awesome that the trip continues."

F1 RESULTS: Hungarian Grand Prix FP2 results from the Hungaroring

Quickest on the first day of track action around the Hungaroring - 0.6s over Daniel Ricciardo -, Rosberg was impressed by the early margin.

"It's been a good start to the weekend, definitely, and I think better than we expected. It's a short track so normally the gap would close down to our competitors but today it has been quite big, so it's really looking good."

A 19-time race winner, should Rosberg see out his new deal with Mercedes as planned, he will have spent nine seasons with the championship winning team.