Renault ready to announce 2008 lineup

(GMM) Renault has now settled on its 2008 driver lineup and will announce it at Monza in two weeks' time.

Spanish newspaper Diario As claims on Sunday that Giancarlo Fisichella will be dropped by the Enstone based team, making way for Nelson Piquet Jr to debut alongside Heikki Kovalainen.

The rumor is likely to quiet gossip that Fernando Alonso could return to the French team next year, and coincides with the Spaniard's declaration in Turkey that he is "happy" to stay at McLaren in 2008.

"There are not many options," Alonso, 26, told reporters in Istanbul on Saturday.

"I have a contract with McLaren so the possibility for the near future is around here and driving for them."

'As' added that Fisichella, 34, is likely to retire from formula one unless he agrees a deal with Williams; a team he nearly signed for in 2005.