Spanish Formula One driver Fernando Alonso will retire at the end of the current season.

The 37-year-old revealed his decision to retire at the end of the season earlier on Tuesday.

Two-time world champion Alonso is presently competing in his 17th Formula One season in the colours of McLaren.

He made his F1 debut as a Minardi driver during the 2001 Australian Grand Prix.

In his words via a statement from him, Alonso said: “After 17 wonderful years in this amazing sport it’s time for me to make a change and move on.”

“I made this decision some months ago and it was a firm one. There are still several grands prix to go this season, and I will take part in them with more commitment and passion than ever.” He added.

“Let’s see what the future brings; new exciting challenges are around the corner. I’m having one of the happiest times ever in my life but I need to go on exploring new adventures.” Alonso further stated.

The McLaren driver won his first Formula One title for Renault in 2005, when the Spaniard became the youngest champion at the age of 24.

He successfully defended his title to win a second title in 2006.

In addition, Fernando Alonso also finished championship runner-up three times.

His F1 reads 32 race wins, 22 pole positions and 97 podium finishes.

He further said: “I want to thank everyone at McLaren.”

“My heart is with the team forever.

“I know they will come back stronger and better in the future and it could be the right moment for me to be back in the series; that would make me really happy.” The statement said.