After weeks of heavy discussions, the Formula 1 McLaren team are set to announce their drivers for the 2015 season. Button, 34, the 2009 Champion is competing for a place with 22 year-old Kevin Magnussen.

The Spanish Fernando Alonso, 33, the double World Champion, secured his return to McLaren after five years at Ferrari. Alonso, nicknamed El Nano, who finished 6th in this year's season, is returning to McLaren for the second time; last time he left McLaren one year into a three-year contract after a difficult first season in 2007.

Despite securing Alonso for a mega-bucks deal of £25.5 million a year, the McLaren team are still stalling on their decision to announce his partner.

The announcement will be later today; the McLaren team are planning to break the news at a conference at their factory in Surrey.

Button, who started his Formula 1 career in 2000, may quit Formula 1 if he is not selected in the McLaren team for 2015; his racing career may be coming to an end to make way for the young pretender. What is certain is that McLaren are mulling over the decision, with all their rivals already confirming their driver line-ups for next season.

Button finished an admirable 8th in a difficult season, which is why the McLaren boss is considering him for one last crack of the whip. This year, Button scored double the amount of points that Magnussen scored but the veteran may lose out due to young driver's potential.

Magnussen, a Danish racing driver and son of four time Le Mans class winner and former Formula 1 driver Jan Magnussen, started his Formula 1 career in 2012; In November 2013 he was confirmed for McLaren for the 2014 season, which he started full of promise, achieving a second place and podium in the first race of the year in Melbourne.

The McLaren team have had a difficult time over the last two years, since Lewis Hamilton departed for Mercedes. The McLaren team finished the 2013 season without a single podium finish; in the 2014 season the team secured fifth place overall at the final round.