Charles Leclerc will be making the move to Ferrari in 2019 replacing Kimi Raikkonen, who will return to Sauber on a two-year deal it has been confirmed.
The announcement follows days of speculation which began over the Italian Grand Prix weekend when it emerged the new bosses at the Scuderia wanted to retain the Finn for one more year but were tied by a contract promoting Leclerc which was signed by former chairman Sergio Marchionne.
As rumours of an announcement last Thursday came and past without occurring, it was then suggested Ferrari had come to an arrangement to keep the Monegasque at Sauber for one more year but on a higher salary but now all that has been put to bed.
Leclerc has impressed in his rookie season at the Swiss team with a run of five points finishes in six races from Baku, which ultimately led to the decision by Marchionne to promote him, although since Austria he has failed to finish on three occasions without scoring a point.
For Raikkonen though, his move back to Sauber marks a return to where it all started in 2001 and confirming the news he alluded to that on an Instagram post.
"Guess who’s back?! Next two years with @sauberf1team ahead! Feels extremely good to go back where it all began!"
Confirming his departure from Ferrari, where he has raced for a combined eight years over two spells, the Italian team thanked the 38-year-old for his service.
Scuderia Ferrari has announced that Kimi Raikkonen will step down from his current role at the end of the 2018 season.
"During these years, Kimi’s contribution to the team, both as a driver and on account of his human qualities, has been fundamental," a statement read.
"He played a decisive role in the team’s growth and was, at the same time, always a great team player.
"As a world champion for Scuderia Ferrari, he will always be part of the team’s history and family. We thank Kimi for all of this and wish him and his family a prosperous future."
Leclerc official confirmation and first comments are still pending at the time of writing.
Grosjean vows not to repeat early 2018 m
Verstappen still lacks one major asset t
Brawn has plan to stop top teams gaining
Alonso a 'more complete driver' thanks t
Red Bull insist Verstappen will not be f
Leclerc sets reasonable target for first
Monza plans big renovations for centenar
Ferrari much more of a unit compared to
Bottas: Worrying about Mercedes exit rum
Russell sets midfield goal for Williams
Brawn reveals agreement to help new engi
Ferrari confirm February launch date for
Perez talks up Stroll potential, plays d
18 Thoughts from F1 2018: Are Williams o
Ricciardo: Taking Renault 'to the next l
Norris wants to 'beat Sainz at every rac
Vettel has one problem with Kubica's F1
Pirelli has asked teams to simulate mand
McLaren 'very happy' with Renault, expec
Schumacher chooses Ferrari Academy over
Stroll matched Ocon in the simulator and
Wolff identifies race where he 'felt the
Sainz: McLaren aiming to lead the midfie
Marchionne death was a 'big loss' to Fer
Stewart hails Verstappen and arrival of
Kubica suggests Williams ignored initial
Bottas to contest Arctic Lapland Rally i
Vettel unsure if he'll enjoy same Ferrar
Alonso was 'never on the right team at t
Verstappen: F1 success 'a lot easier' fo
Mercedes had a pace advantage over Ferra
Ecclestone reveals Silverstone bid and f
Bianchi death & personal reasons re-shap
Hamilton had to be reigned in during sup
Norris believes McLaren more focused on
Grosjean: I have same desire to win as A
Verstappen only wanted to make Renault '
Kubica talks up F1 return: 'I know what
Wolff: Leclerc save at Spa vindicates Ha
Mexico GP future plunged into doubt by n
Wolff again raises prospect of future Sc
Sainz feels no pressure replacing Alonso
Hamilton just a 'chink in a chain' at Me
Raikkonen surprised by similarities betw
Renault reveal huge power deficit to eng
Verstappen still peeved by 'unfair' Monz
Hakkinen draws comparison to his early c
Mercedes' 2019 engine not yet hitting pr
Hulkenberg not so interested in comparis
Ecclestone warns against rise of street
Hartley hints Toro Rosso exit was politi
FIA concludes Halo did prevent Alonso's
Ricciardo: Process of making 2019 decisi
Brown: McLaren's 2018 a result of years
Giovinazzi expecting 'tough' start along
Pirelli: Tyres not only to blame for con
Vettel gets Di Montezemolo support: Schu
Ericsson tips - and hopes - Leclerc to '
Magnussen has 'almost forgot' what wins
Red Bull worried of help Ricciardo can g
Ericsson claims F1 is 'artificial' in co
Gasly will give Verstappen the 'hardest
Renault: 2019 potential depends on Red B
Russell wants to work with Kubica to pus
Racing Point will not be Force India's n
Hamilton expecting another title fight w
Ferrari admit possible benefits but want
Verstappen & Leclerc will be F1's new Ha
Schumacher's 2006 retirement left Ferrar
Sirotkin: 2019 Williams seat 'looked qui
Liberty 'trying' for Silverstone deal bu
Vettel would have been F1 champion with
Verstappen hints at 'Plan B' if Red Bull
Ricciardo denies money the cause for fai
Alonso leaving F1 akin to 'Real Madrid w
Gasly & Verstappen a 'good partnership'
Bottas rejects idea of seeking Rosberg a
Leclerc can be the 'incentive' Vettel ne
Todt suggests Verstappen becomes a stewa
Hamilton unscathed from minor crash duri
Perez admits Ocon relationship 'was neve
Red Bull's 2018 season could have been "
Alonso bemoans loss of engine noise in F
Ocon predicts busier 2019 as Mercedes re
Albon: Red Bull program was my only real
Bottas to approach 2019 'like I have not
Force India's new name & 2019 driver num
Force India officially confirm Lance Str
Mick Schumacher amazed by performance of
Norris keen to have 'valuable' Alonso ad
Schumacher 'as we all remember him' and
Ferrari claim the 'real Vettel' was back
Hamilton 'more relieved' after Mercedes
Verstappen admits bold Ocon moves in Abu
Force India rue costly races after faili
Bottas the 'only slight flaw' for Merced
Ricciardo 'confused' by Red Bull pace is
Williams: 'No one in the team' has doubt
Bottas & Vettel sense little difference
Brawn: 'Unacceptable' podium record for