Jenson Button will make a sensational return to Formula 1 for a one-off race at this year's Monaco Grand Prix.

Button, who hung up his helmet after a glittering career at the very top of the sport at the end of last season, will replace Fernando Alonso in his McLaren for the famous race in May.

Alonso announced earlier this week he would miss Monaco to take up the opportunity to race in the Indianapolis 500 on the same day.

McLaren announced the news in an official statement on Friday and Button couldn't happier.

The 2017 Formula 1 grid Show all 20 1 /20 The 2017 Formula 1 grid The 2017 Formula 1 grid Sebastian Vettel, Ferrari Vettel finished fourth last season and will hope improvements to the team's 1.6-litre V6 will help him back onto the podium. Getty The 2017 Formula 1 grid Kimi Raikkonen, Ferrari The experienced Finn largely underperformed last season. At 37, could be his final season racing for a top team. Getty The 2017 Formula 1 grid Sergio Perez, Force India Perez retains the drive he has held since 2014. Force India again use the Mercedes-AMG engine. Getty The 2017 Formula 1 grid Esteban Ocon, Force India The talented 20-year-old raced in 9 Grand Prix for Manor last season and earns a call-up to a much more competitive team. Getty The 2017 Formula 1 grid Romain Grosjean, Haas Haas had a very good season last year, finishing 8th with their Ferrari engine. Grosjean will look to improve on his 13th place finish. AFP/Getty The 2017 Formula 1 grid Kevin Magnussen, Haas The Dane moves from Renault to Haas. Struggled last season. Getty The 2017 Formula 1 grid Stoffel Vandoorne, McLaren The talented Belgian, who scored a world championship point in the unfamiliar MP4-31 last year, replaces Jenson Button at McLaren. Getty The 2017 Formula 1 grid Fernando Alonso, McLaren The youngest double champion of all-time remains at McLaren for the 2017 season, despite a well publicised approach from Mercedes. Getty The 2017 Formula 1 grid Lewis Hamilton, Mercedes The team - and driver - to beat since the infamous V6 rule changes came into place in 2014. Getty The 2017 Formula 1 grid Valtteri Bottas, Mercedes Bottas replaces world champion Nico Rosberg at Mercedes, Will push Hamilton all the way this campaign. Getty The 2017 Formula 1 grid Daniel Ricciardo, Red Bull Adrian Newey has completely redesigned the RB13 for the 2017 season and Ricciardo will be hopeful of bettering last year's 3rd place finish. Getty The 2017 Formula 1 grid Max Verstappen, Red Bull There will be plenty of attention on Verstappen as he completes his first full season at Red Bull. Getty The 2017 Formula 1 grid Nico Hulkenberg, Renault Hulkenberg moves to the team from Force India, replacing Kevin Magnussen. Getty The 2017 Formula 1 grid Jolyon Palmer, Renault The Brit came under pressure last year for a disappointing 18th-place finish. Will be hopeful of improvement. Getty The 2017 Formula 1 grid Marcus Ericsson, Sauber Sauber were poor last season and were plagued by retirements. Ericsson nevertheless remains with the team for a third campaign. AFP/Getty The 2017 Formula 1 grid Pascal Wehrlein, Sauber The 22-year-old wins a drive at Sauber, moving from Manor Racing. Getty The 2017 Formula 1 grid Daniil Kvyat, Toro Rosso Resigned to Toro Rosso after plenty of speculation; will be desperate to show he shouldn't have been replaced by Verstappen at Red Bull. Getty The 2017 Formula 1 grid Carlos Sainz Jr, Toro Rosso Now in his third season with the team. Toro Rosso this year return to a Renault engine. Getty The 2017 Formula 1 grid Lance Stroll, Williams 18-year-old rookie. Stroll's first appearance in the car didn't inspire confidence, he spun the car in testing. Getty The 2017 Formula 1 grid Felipe Massa, Williams Heroically returns to the team after Bottas departed for Mercedes. One of the most experienced drivers on the grid. Getty

“I’m thrilled to be making a one-off return to Formula 1 racing, and I couldn’t think of a better place to make that return than my adopted home Grand Prix: Monaco," he said.

“I’ve won the race before, in 2009, and it’s one of my all-time favourite racetracks. It’s a tricky street circuit on which a good driver can really make a difference – and, although the McLaren-Honda MCL32 hasn’t begun the season well, I think it may be more suited to Monaco than to the faster circuits that Fernando [Alonso] and Stoffel [Vandoorne] have raced it on so far this season.

“OK, I realise we won’t have a realistic chance of repeating my 2009 victory, but I think we’ll have a opportunity to score world championship points, which will be very valuable to the team in terms of constructors’ rankings.

“As for Fernando, I hope he not only fares well at Indy but enjoys it too. It’ll be a great experience for him. He’s an excellent driver, as we all know, and he’s very experienced, so, although super-speedway driving techniques will be all-new to him, I expect him to get to grips with it all pretty quickly. And on Sunday evening, after the Monaco Grand Prix, I’ll sit down and watch him do his stuff on TV. I’m looking forward to that too.