Mexican Sergio Perez has signed a two-year contract extension with Red Bull to keep him with the team until 2024.

The 32-year-old won the Monaco Grand Prix on Sunday and is third in the drivers’ standings this season.

Together with defending champion Max Verstappen, Perez helped Red Bull Racing lead the constructors’ championship after seven races.

Team boss Christian Horner said keeping Perez was a “no-brainer”.

Perez joined Red Bull from Racing Point in late 2020 and finished fourth in the 2021 Drivers’ Championship after his most successful season in Formula 1.

Red Bull announced the extension on Tuesday, but Perez had already signed before the Monaco GP, finishing fourth on the podium this season.

Perez said: “It’s been a great week for me, winning the Monaco Grand Prix is ​​a dream for any driver, and to announce that I will continue to work with the team until 2024 makes me very happy.

“I am very proud to be a member of this team and feel completely at home here now. We work really well together, and my relationship with Max, both on and off the track, definitely helps push us further.”

Horner believes the Mexican has improved a lot over the past 12 months and is now operating at a similar level to the world champions.

He said: “He has proven time and time again that he is not only a great team player, but with increased comfort he has become a real force to be reckoned with at the sharp end of the net.

“This year he took another step and closed the gap to world champion Max.”

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