Renault Sport has been busy of late preparing for the 2018 Formula 1 season. Aside from sealing a deal with McLaren to supply them with power units, Renault Sport has also acquired the talents of Carlos Sainz for next year's racing calendar.

It's not a permanent transfer however as Sainz will be 'on loan' from Red Bull Racing's Toro Rosso. With it, Renault Sport Racing's driver lineup for next year will consist of Nico Hulkenberg and the 23-year old Spaniard. Sainz will replace Jolyon Palmer who drove for Renault for two seasons.

“Carlos Sainz is a very promising driver who has been on our radar for some time, especially after his successes in Renault junior formulae. It is positive news for us to be able to confirm Carlos for 2018. This choice is well aligned with our mid-term strategic plans. We feel that Nico and Carlos will complement each other on and off track and the combination should help us push forwards on the grid,” said Cyril Abiteboul, Managing Director of Renault Sport Racing.

As for Palmer, Abiteboul wished the 26-year old Brit all the best in his racing career.

Sainz is happy that he will be able to drive for Renault for 2018 and is looking forward to be working with Enstone, Viry and of course, fellow driver Nico Hulkenberg.

Carlos Sainz to join Renault Sport in 2018 season 'on loan'

“I’m very happy to be joining Renault Sport Formula One Team. To be a Formula 1 driver for a manufacturer team is an honour and I hope to reward Renault’s faith in me with my very best performances on track. The trajectory of Renault Sport Formula One Team is exciting and I’m proud to join at such an important time in their history,” said Sainz.

Dr. Helmut Marko, Red Bull Motorsport consultant, said that they are happy that they have reached an agreement for Carlos to drive for Renault.

“He is a tremendous talent and he will benefit from working with a manufacturer team alongside a highly experienced driver. This will give Carlos a different challenge and we will be keenly watching his progress there as he remains part of the Red Bull family,” said Marko.

Marko also added that this will be a good development for both Carlos and Renault Sport and will allow them to bring a new talent into Formula One.