Two-time Tour de France champion Alberto Contador to retire in 2016

Two-time Tour de France champion Alberto Contador has announced that he will retire at the end of the 2016 season.

The 32-year-old Spaniard, who currently rides for Saxo Bank-Tinkoff Bank, turned professional in 2003.

Contador's last victory on the Grand Tour came at the 2014 Vuelta a Espana.

His current contract expires at the end of the 2015 season, but he is hoping to sign a one-year extension.

"I'm not ruling anything out, but at the moment if there are no unforeseen developments like injuries that affect my racing, that is the plan," he is quoted as saying by Cyclingnews.com.

Contador's two triumphs at the Tour de France came in 2007 and 2009.