Alonso, 38, has signed a contract with the French team and will be confirmed “soon” according to the BBC.
There is a vacancy coming up at Renault as a result of Australia’s Daniel Ricciardo moving to McLaren next term.
Alonso would then return to the team, with whom he won world titles in 2005 and 2006, to partner Esteban Ocon.
Alonso is widely recognised as one of the best drivers of his generation. He last raced in F1 for McLaren in 2018 before pursuing other driving goals including the Indy 500, the 24 hours of Le Mans and the Dakar Rally.
Renault were reportedly considering their position in F1 but the signature of Alonso would suggest their commitment has been renewed.
They presently have only a mid-table car but budget caps have been lowered for the coming years due to the coronavirus crisis and technical changes will be made to the rules from 2022.
The F1 season continues behind closed doors with a second race in Spielberg, Austria.
Alonso’s return further narrows the options available to Sebastian Vettel when he leaves Ferrari at the end of the season.
Germany’s four-time world champion has said his future remains open and has not ruled out retirement if a suitable seat is not available.
-AAPJump to next article