But, given the erratic form shown by the Mexican veteran this season, his future beyond next year is less than certain.
There have even been suggestions that three-time world champion Verstappen may look to move on before the end of his contract in 2028, meaning the Milton Keynes-based outfit could have a whole new look a lot sooner than they think.
Can this 'amazing' driver handle pressure?
One of the names linked with a potential move is Yuki Tsunoda.
The Japanese star currently represents Red Bull's sister team, Visa Cash App RB, and is enjoying an excellent campaign, scoring points in five of his last seven races and consistently outperforming team-mate Daniel Ricciardo.
However, 1996 world champion Damon Hill has expressed doubt that the 24-year-old could handle the pressure at Red Bull were he to be given that opportunity.
Speaking on the F1 Nation Podcast, Hill said: “If you want Max [Verstappen] to stick with you and be confident that he knows what the future’s going to be like, then maybe signing Checo [Perez] is a way of saying to him: ‘Look, this is what the future’s going to look like, you’re not going to have a surprise new super-quick teammate to worry about’.
“Yuki [Tsunoda] has done an amazing job - I don’t know if he can take the pressure of being at the sharp end of Red Bull.”