Ferrari are on Thursday expected to unveil Santander as one of their title sponsors from next season.

Speculation has been rife in Formula One that the Spanish banking giant were ready to end their three-year association with McLaren and switch to Ferrari.

Santander initially teamed up with McLaren ahead of the 2007 season following double world champion Fernando Alonso's decision to sign for the Woking-based team.

Alonso's move, however, turned sour and his contract was terminated after one season, but with Santander locked into their deal.

However, with that now coming to an end, Santander are to jump ship, further fuelling rumours Alonso will also soon join Ferrari.

The team have called a press conference for Thursday at Monza ahead of the Italian Grand Prix at which president Luca di Montezemolo and Emilio Botin, the president of the Bank of Santander, will both be present.