The Mexican endured a rollercoaster campaign this season, starting the season strongly but fading away before bouncing back in the final races.
Red Bull is committed to Perez for the start of the 2024 campaign but has been clear that it wants him to battle more consistently nearer the front if it is to consider offering him a fresh deal.
But with the squad happy to bide time over making a decision, especially as it has options like Daniel Ricciardo able to be slotted in if needed, it says it will not be rushed to make a call about who will be Max Verstappen’s team-mate in 2025.
Speaking about the team’s thought process about what it does with Perez beyond next year, Red Bull team boss Christian Horner said: “I think the luxury position we're in, is that we're not in any rush.
“We've got loads of options and I think it is Checo's seat to lose.
“He's the one that we're backing. He's our 2024 driver. And if he does a great job next year, there's no reason that we wouldn't extend him into 2025. But it'd be purely based on what he achieves over what will be a large part of the season.”
Source: Autosport