Sep.30 (GMM) Jean Todt has added his denial to speculation that Fernando Alonso might be bound for Ferrari at the end of the season.

The Italian team's boss confirmed that both Kimi Raikkonen and Felipe Massa are under contract for 2008.

"We respect our contracts," Frenchman Todt told the British broadcaster ITV.

"Alonso is a great driver, I have a lot of respect for him as a driver, but we are very happy with our contracted drivers."

Rumours persist that Alonso, under contract to McLaren next year but unhappy at the British team, might sit out 2008 before moving to Ferrari the year after.