Kimi Raikkonen has indicated he has an option to stay at Ferrari in 2016 which he is likely to take up.

Earlier this year, Raikkonen said he expects he will retire at the end of his current Ferrari contract, which expires at the end of 2015. However, with Fernando Alonso set to leave the team and Sebastian Vettel replacing him, Raikkonen has distanced himself from any driver moves by saying he has a contract for next year and has now hinted that there is an option for him to extend his stay by a further season.

"I have a contract for next year and probably for one more year," Raikkonen told CNN. "But I'm not a young guy anymore. I want to do something more with my life than just Formula One. I will finish my career in Ferrari.

"I never lost the passion. I will stop the day when I feel I don't enjoy it anymore."

Raikkonen has previously indicated that he would welcome Vettel to Ferrari as he enjoys a good relationship with the four-time world champion, while former Ferrari chairman Luca di Montezemolo confirmed Alonso's exit on Wednesday.