Mexican driver Sergio Perez, who was out of contract with Racing Point, will replace Alexander Albon at Red Bull in the 2021 season, the Formula One outfit announced on Friday.

Sergio Perez to race for Red Bull in F1 2021 season

Thai Formula One driver Alexander Albon was promoted Monday to race alongside Max Verstappen in the Red Bull team and has the rest of the season to make the move permanent.

Alexander Albon given chance to secure Red Bull drive permanently

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Sergio Perez to race for Red Bull in F1 2021 season

Alexander Albon given chance to secure Red Bull drive permanently