The 24-year-old Ricciardo has been a junior driver with Red Bull since 2008 and made his Grand Prix debut with Toro Rosso in 2011.
Ending the speculation for Mark Webber's successor, Red Bull have signed Daniel Ricciardo to replace the veteran at the end of the season, the German media reports.
Webber will quit Formula One at the end of this year and will join Porsche's newly-revived Le Mans programme next season.
According to the reports, Ricciardo will be officially presented as Red Bull's new driver at the Belgian Grand Prix in Spa-Francorchamps next weekend.
The 24-year-old Ricciardo has been a junior driver with Red Bull since 2008 and made his Grand Prix debut with Toro Rosso in Britain in 2011.
However, Red Bull motorsport chief Helmut Marko denied to comment on the development, saying that the team will not make any announcement until the Belgian Grand Prix.
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