As expected, Red Bull racing have confirmed that Daniel Ricciardo will replace Mark Webber next season.
The Australian has been linked with his compatriot's seat from the get-go and was initially in competition with 2007 World Champion Kimi Raikkonen with Fernando Alonso joining the shortlist later.
However, Red Bull opted instead to go with the a young driver, signing Ricciardo in a multi-year deal.
"It's fantastic to confirm Daniel as the team's race driver for 2014. He's a very talented youngster, he's committed, he's got a great attitude and in the end it was a very logical choice for us to choose Daniel," said team boss Christian Horner.
"He joined the Red Bull Junior Team in 2008 and we've seen in his junior career in Formula 3 and Renault World Series that he's capable of winning races and championships. He's stood out in each of these categories and we've followed his progress with great interest.
"He's got all the attributes that are required to drive for our team: he's got a great natural ability, he's a good personality and a great guy to work with.
"Daniel knows what the team expects from him; he'll learn quickly and it's very much a medium to long term view that we're taking in developing him. The seat within the team is a wonderful opportunity and I think he's going to be a big star of the future."
As for Ricciardo, the Toro Rosso driver is confident he has what it takes to be a Red Bull driver and help the team win World titles.
"I feel very, very good at the moment and obviously there's a lot of excitement running through me. Since joining F1 in 2011, I hoped this would happen and over time the belief in me has grown; I had some good results and Red Bull has decided that this is it, so it's a good time. Next year I'll be with a Championship-winning team, arguably the best team, and will be expected to deliver. I'm ready for that," he said.
"I'm not here to run around in tenth place, I want to get the best results for myself and the team. I would like to thank the team for giving me the opportunity to show what I can do. I know the team quite well already since being its reserve driver in 2010, which should make the transition easier.
"It will be a great challenge to be up against Sebastian Vettel, I'm looking forward to that. My aim is to finish this season as strong as possible, for myself and Scuderia Toro Rosso. Then, once the off-season is here, I'll be fully focussed on next year and the next stage of my career."