Former Moto GP world champion Jorge Lorenzo has extended his contract with Yamaha until 2014.

Lorenzo, who joined Yamaha in 2008, will remain with the Japanese team for at least two more years.

Yamaha announced the news Tuesday and Lorenzo says he is “extremely happy” and that it “has always been my first option to stay here”.

The 25-year-old rider adds, “my dream to finish my career with Yamaha is now closer to becoming a reality!”

Lorenzo won the Moto GP title in 2010 but finished second to Casey Stoner last year. The Spaniard currently leads the standings by 20 points after three wins from the opening five races and two second place finishes.

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