Double MotoGP world champion Jorge Lorenzo has put pen to paper on a new two-year contract with Yamaha.

The 27-year-old will remain at the Japanese manufacturer until the end of 2016 having finally confirmed his plans for next season.

Lorenzo’s deal will see him continue alongside multiple world champion Valentino Rossi, who agreed a new two-year deal at the Italian-based outfit last month.

The Spaniard has spent his entire MotoGP premier class career at Yamaha which has seen him record 31 race wins along with two world championships in 2010 and 2012.

“I am very happy to finally be able to make this announcement”, said Lorenzo.

“It is a relief to be able to now completely focus on the remainder of the 2014 season in the knowledge that our relationship will continue for the next two seasons.

“It has always been my wish to continue my career with Yamaha; I strongly believe we can fight for a third title together.

“This season has been very challenging after a difficult start, however we will continue to take it race by race, giving 100 percent until Valencia.”

Lorenzo’s new contract follows the news German rider Stefan Bradl will ride for Forward Yamaha after confirming his departure from LCR Honda this week.

The MotoGP campaign continues this weekend with the Grand Prix of Indianapolis.