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Ferrari will announce its sponsorship deal with Spanish banking giants Santander at Monza on Thursday, confirming a deal that was first revealed by AUTOSPORT in July last year.

Ferrari is to hold a press conference ahead of the Italian Grand Prix with Ferrari president Luca di Montezemolo and the president of the Bank of Santander, Emilio Botin.

The Santander alliance comes amid continued speculation that Spaniard Fernando Alonso is also on his way to Ferrari, although it is not known if an announcement about the Maranello team's 2010 driver plans will be made at Monza this weekend.

Ferrari has already stated that it is waiting for Felipe Massa to be fully fit for the start of next season, and it has a contract with Kimi Raikkonen too - although there is a chance this could be bought out.

Santander entered Formula 1 in 2007 with the McLaren team, on the back of its signing of Alonso, and its contract with the Woking-based team runs until the end of this year.