Four-time world champion, who was out of contract at the end of this season after joining from Red Bull in 2015, has a new deal until the end of 2020.
The Italian outfit made the announcement in a statement on Saturday, without giving further details. The extension of Vettel’s deal ends rumors he could join forces with Mercedes, and the likelihood of Hamilton moving in the opposite direction when his deal expires next year.
Vettel, 30, had said only on Thursday that news of his whereabouts for next season and beyond would not be announced within the next fortnight.
But less than 48 hours later, Vettel’s Ferrari team confirmed his long-term future will be with the Maranello team.
“Ferrari has extended its technical and racing agreement with driver Sebastian Vettel for the 2018, 2019 and 2020 racing seasons of the Formula One world championship,” the Italians said in a short statement released ahead of qualifying.
Mercedes driver Lewis Hamilton, who trails Vettel by 14 points in this year’s title race, scoffed at that prospect on Thursday, saying Vettel would not want to be his team-mate.
Vettel and Hamilton have won four races each this season heading into Sunday’s Belgian Grand Prix.