Whilst the team are yet to announce a decision, Perez is tipped to be replaced by RB star Liam Lawson, who only returned to F1 at the US Grand Prix.
Will Liam Lawson replace Sergio Perez at Red Bull?
The 22-year-old made his F1 debut in 2023, where he replaced an injured Daniel Ricciardo for five races, and has been fighting to make an F1 return ever since.
Lawson may now be given a chance at the top team alongside Verstappen, however another pursuit has been neglected due to his focus on F1 over the past few months.
Discussing his interests outside of F1, Lawson revealed he enjoys making music, even hinting at a potential future career change.
"Yeah, I’ve gotten just a little bit busy recently," he said to Motorsport.com.
"The guys that I play with are a couple of my really close friends, so we got together the night before to choose the songs, then went into the studio and recorded them.
"When I was younger, around 10 or 11, I wrote my own songs," Lawson explained. "I think I was pretty obsessed with girls, even when I was very young, so I probably wrote songs about my crush in primary school.
"I must have been going through something. You know when you're a kid and everything feels a thousand times more dramatic than it really is - that was probably one of those things.
"I would love to do more with music, but to be good at anything, you need to put a lot of time into it."