Update: Yamaha and Honda respond to reports that Dani Pedrosa is moving to Movistar Yamaha:

Dani Pedrosa could be set to end a 16-year Honda career by joining Movistar Yamaha in place of Jorge Lorenzo next season.

Pedrosa's name had emerged as a 'Plan B' for Yamaha at Jerez last month. However Spanish newspaper El Pais claims that Pedrosa will now become Valentino Rossi's 2017 team-mate.

Yamaha's first target for the ride is (or perhaps was) rising star Maverick Vinales, but the 21-year-old has found it difficult to decide between moving to the M1 and staying at Suzuki.

This morning at Le Mans, the Repsol Honda team and also Vinales' manager denied the report of a Pedrosa/Yamaha deal.

Pedrosa has been a Honda rider ever since his 125GP debut in 2001, winning three titles in the junior classes before joining MotoGP in 200.

The 30-year-old, backed by Movistar during his 125 and 250cc career, has gone on to win 28 premier-class races, making him the most successful rider without a 500cc/MotoGP crown.

If Pedrosa moves it will free up a factory RC213V ride alongside Marc Marquez. The double world champion is also yet to officially sign, but thought certain to stay at Repsol Honda.