Sergio Perez will no longer race for Red Bull after they agreed to part ways.

No replacement for the Mexican driver next to world champion Max Verstappen for the 2025 season has yet been announced, although Sky Sports has understood for several weeks that Liam Lawson will land the drive in a promotion from junior team RB.

In an exclusive interview with Sky Sports News reflecting on Perez's departure, Red Bull team principal Christian Horner said a decision had yet to be made between Lawson and Yuki Tsunoda as to who would replace the Mexican.

"Essentially it will be a choice between Yuki and Liam," said Horner.

Red Bull said they would announce Verstappen's next team-mate in due course.

Perez joined Red Bull in 2021 and claimed five of his six career grands prix victories at the team but endured a hugely-troubled 2024 campaign.

Despite being awarded a new two-year contract in June after a promising start to the season, he last stood on the podium at the Chinese Grand Prix in April in a year Verstappen won his fourth consecutive world title.

Perez finished the season by scoring just nine points across the final eight grands prix weekends, results which heavily contributed to Red Bull failing to retain the Constructors' Championship and finishing third behind McLaren and Ferrari.

An end-of-year exit from the team had therefore appeared increasingly likely for months for a driver who will now definitely be absent from the F1 grid for the first time since his 2011 debut next year with all the non-Red Bull seats taken.

In a statement announcing his departure on Wednesday, Perez said: "I'm incredibly grateful for the past four years with Oracle Red Bull Racing and for the opportunity to race with such an amazing team.”

"Driving for Red Bull has been an unforgettable experience and I'll always cherish the successes we achieved together. We broke records, reached remarkable milestones, and I've had the privilege of meeting so many incredible people along the way.

"A big thank you to every person in the team from the management, engineers and mechanics, catering, hospitality, kitchen, marketing and communications, as well as everyone at Milton Keynes, I wish you all the best for the future.

"It has also been an honour to race alongside Max as a team-mate all these years and to share in our success. A special thank you to the fans around the world, and especially to the Mexican fans for your unwavering support every day. We'll meet again soon. And remember…Never give up," Perez added.