Lotus has confirmed it will retain the services of Pastor Maldonado for the 2016 Formula 1 campaign.
The Venezuelan had a contract in place for next year although his future at the Enstone team was in doubt with the outfit subject of a possible take over by Renault.
Maldonado joined Lotus in 2014 after three seasons at Williams where he scored a breakthrough race win in the 2012 Spanish Grand Prix.
After weeks of speculation surrounding his future, the 30-year-old is looking forward to third season at Lotus.
“It’s great that the team can confirm my position as race driver for 2016,” said Maldonado.
“Obviously, there has been a lot of speculation about the future and whilst I have remained focused on my job on track it is also positive to know that my future is confirmed.
“This season has presented us with some challenges but the quality of the squad at Enstone is clear to see.
“I really feel part of the family at Enstone and I’m looking forward to building on the work done this year to deliver better results in 2016.”
Maldonado’s team-mate for next season remain unclear at this stage with Romain Grosjean being linked to a move away from Lotus.