The 'Iceman' will still be driving for Scuderia Ferrari after the Italian racing team recently announced that Kimi Raikkonen's contract has been renewed for next year's Formula 1 season.

With it, Scuderia Ferrari's driver lineup for the 2016 season will still consist of Sebastien Vettel and the Finnish racing driver.

“What can I say... For me, to be able to stay another year at Ferrari means that the dream goes on. The Scuderia is my family, as I always said, it's here I want to end my career. I am more committed than ever and I want to say thank you to the people who gave me this chance,” said Raikkonen.

Scuderia Ferrari Team Principal Maurizio Arrivabene stated that having Raikkonen onboard will provide stability for the racing team.

“We believe that extending Kimi's contract into the next season will provide further stability to the team.This has been our guideline, also considering the very good relationship between Kimi and Seb. On our side, this shows our great confidence in him, and I expect this confidence to be well rewarded,” said, Arrivabene.

Raikkonen's contract renewal with Scuderia Ferrari puts the final nail in the coffin about the team's rumored eying of Williams' driver Valtteri Bottas.

Last June, we reported that the Italian racing team supposedly offered Williams EUR 4 million to acquire the 25-year old Bottas. However, Williams F1 Deputy Chief Claire Williams demanded more, reportedly asking EUR 15 million to which Scuderia Ferrari rejected.