Kevin Magnussen says he has given Renault two more weeks to decide on a contract extension for 2017 and hopes the team make the decision 'on talent and not on money'.

The Danish driver has been waiting for Renault to decide its future driver combination over the past few races and despite hoping to have his future resolved before the end of the stretch of Asian races he has accepted a decision may not be made until the end of October.

Magnussen has made his intentions to remain in the Renault fold clear and confirmed he will wait another two weeks at the United States Grand Prix for a decision on 2017.

"I've given them the two weeks and hopefully there will be a decision by the end of those two weeks," Magnussen said. "I think it shows very clearly that I want to continue here.

"That's what I wanted to signal and say that I am willing to wait and I understand the situation that is going on. It's very clear that I believe that this team will go very far and I hope I can continue here for a long time."

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Magnussen has outlined his concerns about Renault opting for a paid driver and wants the choice to be made on the results he can produce for the team in 2016.

The Danish driver has secured two points finishes this year, taking seven of Renault's eight championship points so far, with five races remaining.

"It's hard to know what's going on sometimes but I think as ever Formula One is a commercial sport and it's not a secret that my commercial value is a bit lower than perhaps other drivers," he said. "I have very good partnerships and sponsors and I'm very grateful for their support but some of the other drivers have an unbelievable amount of support. So hopefully I will be judged and the decision will be taken on talent and not on money."

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