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Fernando Alonso signs Renault deal
Two-time world champion Fernando Alonso has rejoined Renault on a one-year deal.
Alonso is reported to have agreed a £25 million deal to make his return to the team with whom he won both his titles.
Fernando Alonso won the world title twice with Renault
Former glory: Alonso won the world title twice with Renault
The length of the deal allows Alonso to consider a move to Ferrari in 2009.
Alonso has been linked with a return to Renault ever since he was released from his three-year contract with McLaren in November.
A move to the French team became more likely on Friday when motor sport’s governing body, the FIA, decided against penalising Renault for possessing confidential information about rival team McLaren.
The 26-year-old Spaniard finished third in the 2007 drivers' standings with 109 points after a turbulent season with the British team that included rocky relations with rookie driving partner Lewis Hamilton and a spy scandal that cost McLaren a £50 million fine and all of its constructors’ championship points.
Alonso made his F1 debut with Renault in 2001, going on to become F1's youngest world champion with the first of his two titles in 2005.
In 105 races entered, the Oviedo native has won 15 races and finished on the podium 49 times.
Reports also indicate that Nelson Piquet Jr is set to partner Alonso. Giancarlo Fisichella and Heiki Kovalainen drove for Renault in 2007. The veteran Fisichella has recently been testing for the Force India team.
Kovalainen, who impressed last year in his debut season, has been tipped as a potential team-mate for Lewis Hamilton at McLaren.
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