After the F1 season, Daniel Ricciardo will retire from McLaren
Both parties announced on Wednesday that Daniel Ricciardo's lackluster tenure at McLaren will come to an end following the 2022 Formula One season and one year before the Australian's contract was set to expire.
Ricciardo joined Renault towards the end of 2020.
But after finishing in a one-two at the Italian Grand Prix at Monza the previous year, he hasn't been able to match the success of British teammate Lando Norris.
Before this weekend's Belgian Grand Prix, which finishes the sport's August break, Ricciardo shared the news with his 7.3 million Instagram followers.
He described it as "bittersweet."
The 33-year-old stated, "We put a lot of effort into it on all sides, but it just hasn't worked the way we hoped. So the squad has chosen to make a change for next year.
"After lengthy discussions, we came to the conclusion that it was the best course of action for both of us.
"I will undoubtedly continue to work hard and do this for the remainder of the year. I'm not yet certain of what lies ahead."
Oscar Piastri, a fellow countryman and the 21-year-old reserve driver for Renault-owned Alpine, is anticipated to take over for Ricciardo.