Lorenzo to replace Pedrosa at Honda

Jorge Lorenzo is set to replace Dani Pedrosa at Repsol Honda after agreeing a two-year deal, according to reports.

The three-time MotoGP champion has signed on to join reigning world champion Marc Marquez at the factory Honda team, Motorsport.com and Sky Sports Italy reported.

The contract is said to be worth around 4 million euros a year and was agreed before Lorenzo’s first win of the season in Italy last weekend.

Honda stepped up their attempts to sign Lorenzo amid rumours the Spaniard was about to join the Petronas Yamaha team.

The news comes just hours after Honda confirmed that Dani Pedrosa would be leaving the team by mutual consent after 13 seasons.

The 32-year-old Spaniard, who currently lies 12th in the standings 66 points behind team-mate Marc Marquez, won 31 races in his time with Honda.

“In life we all need new challenges and I feel it’s time for a change,” said Pedrosa.

“I will always have Honda in my memories and in my heart,” said Pedrosa, who has finished second in the championship three times for Honda (2007, 2010 and 2012).