Daniel Ricciardo will not be heading to Ferrari next season as Christian Horner has confirmed that he is contracted to Red Bull Racing.
Last season Ricciardo was linked to the Scuderia only for the team to re-sign Kimi Raikkonen.
The speculation was re-ignited in Australia when former World Champion Alan Jones urged Ferrari to sign the Aussie for 2017.
Asked about the rumours, Ricciardo replied: "I'm not exactly out of contract either so don't get too excited."
Red Bull team boss Horner has now confirmed that the three-time grand prix winner does have a deal in place for next season.
"He's under contract [for 2017], so I think he was pretty accurate with his comment," Horner told GPUpdate.net.
"Red Bull invests in these guys at a young age, they develop them and they give them the opportunity through the Red Bull Junior Team and [to race in Formula 1 with] Toro Rosso.
"Sebastian Vettel was a prime example of that, Daniel Ricciardo is doing an excellent job… Daniil Kvyat and the two exciting talents we have in Toro Rosso (Max Verstappen and Carlos Sainz Jr.).
"The contractual situation we have with Daniel is extremely clear. How long? That's confidential."