Image: Supplied.

KTM has extended the contract of MotoGP rookie Miguel Oliveira, who will remain at Red Bull KTM Tech3 for the 2020 season.

The deal was reached prior to Jerez’s fourth round of the championship last weekend, confirming the 24-year-old’s Portuguese standout’s future.

“We are extremely happy to announce that we have activated our option with Miguel and his contract with us early,” stated Pit Beirer, KTM Motorsports director. “What he has shown in the first races is really good and there is no reason to wait any longer. We’re really pleased to have a rider of his clear potential inside KTM for another year.”

A grand prix winner in Moto2 and Moto3, Oliveira has delivered a consistent start to his premier class career with 17-11-14-18 finishes aboard the factory specification RC16.