The circuit has held a round of the championship since the 1999 season, having become the venue for the MotoGP finale since 2002 up until now.

The new contract, finalised two months before the current deal ends, is for another five years.

"We are thrilled that MotoGP will be returning to Valencia for another five years," said Dorna CEO Carmelo Ezpeleta.

"The new agreement to return to the track is fantastic for the championship, for the Comunitat Valenciana and for fans both in the region and worldwide, with the Circuit Ricardo Tormo always providing a unique and memorable event to end the season."

Valencia will host the final round of the 2016 season on November 13.