The confirmation from the Milton Keynes-based outfit puts an end to speculation in recent weeks linking him with a big-money move to Ferrari.
The 55-year-old is widely regarded as one of the best Formula 1 car designers in the sport’s history and he joined Red Bull as its chief technical officer at the beginning of the 2006 season.
He has been an integral part in the team’s rise to the top, helping them to four consecutive constructors’ titles between 2010 and 2013.
Despite Newey confirming his commitment to the team at the last race in Monaco, the rumours surrounding his future continued.
The team has now put an end to the speculation with today’s announcement that he will remain at Red Bull Racing for the foreseeable future.
However, his role looks set to change slightly, with Newey working on other Red Bull projects and taking on more of an advisor role at the team.
“Red Bull is pleased to confirm that it has extended its successful relationship with Adrian Newey with a new multi-year agreement,” a statement read from the team.
“As part of this new agreement, Adrian will work on new Red Bull Technology projects, as well as advising and mentoring Infiniti Red Bull Racing as it develops its Formula One cars over the next few seasons. The details of the new projects will be announced in due course.”
Image courtesy of Octane Photographic