The popular Australian will be replaced by Liam Lawson for the remaining six rounds of the year, with the young Kiwi set to be evaluated ahead of potentially being given a full-time seat on the grid for 2025.
Ricciardo, meanwhile, has very limited options if he wants to stay on the F1 grid in 2025, although he is said to have received offers already.
One offer that Ricciardo has had is from Red Bull, who are keen to keep the popular star in-house in some sort of ambassadorial capacity.
Whether or not Ricciardo goes for this, or indeed races again is not certain, though, according to Marko.
"We have had a conversation and it is clear that we are interested," explained Marko to Motorsport Total.
"He is one of the most popular Formula 1 drivers, especially in the United States.
"But he wants time to consider his entire future. I don't think he will enter any other racing category. And, on the other hand, if he is no longer actively racing, will he still want these PR activities at all?
"Ricciardo also has a lot of money in the bank and I would say it is a life decision for him to decide how he wants to shape his future life."