Valentino Rossi is increasing confident that he will sign a new two-year contract, which would keep him in MotoGP until the end of 2016.

The nine time world champion's present Yamaha contract expires at the end of this season and the Italian legend had cautioned that he would only continue if he was competitive.

Rossi had struggled to match the leading trio of Marc Marquez, Dani Pedrosa and Jorge Lorenzo at the end of last season.

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However he set the fastest lap time during this week's second Sepang test, after which he told reporters at the circuit:

"Yes. I always say I want to continue. Another two years. If I'm competitive I will continue.

"At the end of last season I was not able to reduce the gap to the top. So I was worried for this. But it looks like now we are not so bad and we work well in the pit box.

"So the priority is to continue."

Rossi spent two winless seasons at Ducati before returning to Yamaha last year, when he claimed one race victory and finished fourth in the championship.