Factory Yamaha MotoGP star Jorge Lorenzo has signed a two-year extension to his contract and will ride for the team until the end of 2014.

He has been with the squad since 2008 when he moved from the 250cc class and his signature puts an end to speculation he may swap to Honda for 2013.

“I am extremely happy to have signed with Yamaha for two more years. They’ve made great efforts to retain me in the Factory Team so I want to thank all those involved at Yamaha for this. I’ve been treated like part of the Yamaha family since 2008 and I love working with them," said Lorenzo.

"It has always been my first option to stay here and so I’m happy that this important negotiation has finished with such a positive outcome. Now I can focus on the Championship and I’m looking forward to paying back Yamaha’s trust in me starting at Silverstone this weekend. I look forward to winning many more Championships together; my dream to finish my career with Yamaha is now closer to becoming a reality.”