Perez has not claimed a podium since April at the Chinese Grand Prix, and has only managed 13 points from his last eight events.
Red Bull junior confirmed for 2025
Perez's dismal form has increased speculation around some of Red Bull's young drivers, including Liam Lawson and F2 stars Isack Hadjar and Oliver Goethe, all of whom have been tipped to make a step up in the team's ranks.
Now, the Red Bull junior driver has been confirmed as a full-time driver with the team for the 2025 F2 season, teaming up with Richard Verschoor.
In an official statement, the German driver said: "I’m truly delighted to continue with MP Motorsport in 2025.
"It’s the logical thing to do - my four F2 rounds with MP this season will provide me with valuable experience working with the team and with Richard too, as we use that as a stepping stone towards next year’s full-season Formula 2 effort together.
"I’ve enjoyed many good times with the team when I started out in single-seaters five years ago, and on my return at Monza I was made to feel at home immediately. I can’t wait to go racing one more time in Abu Dhabi before preparing for our 2025 challenge."