Yamaha have confirmed Fabio Quartararo on a two year deal, alongside Vinales, leaving no room for Rossi.
It was reported that Quartararo would step up from factory team Petronas SRT after a strong rookie season.
He will also have access to the latest-spec M1 bike for his sophomore MotoGP season before he becomes a fully-fledged factory rider in 2021.
Team boss Lin Jarvis commented:
“We are very pleased that Fabio will be joining the Yamaha Factory Racing MotoGP Team line-up for 2021 and 2022.
His results in his MotoGP debut year were sensational. His 6 pole positions and the 7 podiums in the 2019 season were a clear sign of his brilliance and exceptional riding skills. Inviting him to move up to the Yamaha Factory Racing Team after he completes his contract with Petronas Yamaha Sepang Racing Team was a logical next step.
For the upcoming season he will be provided with a factory-spec YZR-M1 and he will receive full support from Yamaha.
Fabio is only 20 years old, but he is already showing great maturity on and off the bike, and we are excited to have him join us in 2021.
Fabio and Maverick will provide a big stimulus to all of us in the Yamaha Factory Racing MotoGP Team to continue to develop the YZR-M1 and leave no stone unturned in our quest for MotoGP World Championship victories.”
So what of Rossi’s future? He had this to say:
“For reasons dictated by the riders’ market, Yamaha asked me at the beginning of the year to make a decision regarding my future,” said Rossi.
Consistent with what I said during the last season, I confirmed that I didn’t want to rush any decision and needed more time. Yamaha has acted accordingly and concluded the ongoing negotiations.
It is clear that after the last technical changes and with the arrival of my new crew chief, my first goal is to be competitive this year and to continue my career as a MotoGP rider also in 2021. Before doing so, I need to have some answers that only the track and the first few races can give me.
I’m happy that, should I decide to continue, Yamaha is ready to support me in all respects, giving me a factory-spec bike and a factory contract. In the first tests I will do my best to do a good job together with my team and be ready for the start of the season.”
Rossi had previously indicated he would take a seat at Petronas but wanted to see how the start of the season went.
Yamaha issued a separate statement confirming that it would continue to support Rossi with factory machinery should he wish to continue into 2021, with a decision expected to be made by the 40-year-old in “mid-2020”, after the first seven or eight races of the year.