Fernando Alonso will stay with Renault next season according to Spanish sports daily AS.
The Newspaper reported this weekend that the Spanish driver recently rejected a multi-year offer from BMW.
With at least two other teams - Renault and Honda - known to be chasing his signature Alonso was said to be unhappy with the duration of the contract.
According to AS the double world champion has one eye on a place with Ferrari and is keen to remain free to leave should a seat become available with the Italian outfit at the end of 2010.
BMW under Mario Theissen however, were unwilling to negotiate on the matter, insisting on a longer term contract.
Honda's lack of progress this season, which has seen them notch up just 14 points in as many races was also said to be a deciding factor in Alonso's unwillingness to move.
As a result the Spaniard has decided to stick with Renault for the 2009 season in the hope of a move to Ferrari as soon as a seat is vacated.

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