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Sergio Perez is staying at the Force India Formula 1 team next year, his team boss Vijay Mallya said on Friday.

Although Perez has suggested that he is still finalising his contract with the team, Mallya made is clear in Brazil that there was no question over the Mexican's plans for next year.

"I have a two-year contract with Sergio Perez," said Mallya. "He can say what he wants: but I exercised my option and it is done."

Mallya said that the uncertainty about Perez's future was most likely related to talks about a contract extension for 2016, which could also result in revised terms for next year.

"The possibility came of extending Checo's contract in to 2016 as well, and that is what is under negotiation," he said.

"As far as 2015 is concerned, we had a two-year contract with him. We exercised the option, period.

"We are talking about one additional year and that is the whole point of the negotiation."

Force India has already confirmed Nico Hulkenberg will be staying at the team for next year too.