"Perhaps it was the most hard decision of my career". Ricciardo added: "I hope to be able to help them in this journey".
His move is likely to trigger a string of driver moves in coming weeks, firstly as Red Bull searches for a replacement alongside Verstappen and then as the lesser teams shuffle their line-ups.
Two-time champions Renault are one place behind Red Bull in the constructors' standings, but they have only 82 points while third-place Red Bull have 223. With this in mind, one would expect that the Spaniard is now a certainty for the Red Bull drive but some, close to the organisation, have suggested that this will not be the case.
The confirmation of the news come not long afterwards when Renault sent out an official release stating Ricciardo had signed for two-years where he'll partner Nico Hulkenberg.
Daniel's signing underscores our determination to accelerate our progress towards the forefront of the sport, said team chief Cyril Abiteboul.
What now for the F1 transfer market?
The promising Sainz, who like Ricciardo is a product of Red Bull's driver development programme, is one driver already looking for a seat.
As recently as this midweek following the two-day test at Hungary, Ricciardo had indicated a new deal with Red Bull was imminent. The team has expressed dissatisfaction with its current engine provider and is making the switch to Honda for the 2019 season.
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It will be interesting to see if Red Bull's team orders now favour Max Verstappen, who will be their main driver from next year.
He moved to the flagship Red Bull team in 2014, replacing his compatriot Mark Webber who retired, and has won seven races and recorded 29 podium finishes.
"I really appreciate it, from the bottom of my heart, and we've got nine races left to kick some arse, so let's get it".
Racing fans would recognise it as the exact post Mercedes used as a prelude to their most recent contract announcements ahead of the German Grand Prix, as the team dangled the idea of Ricciardo donning white.
Stoll said: "Renault chose to come back to Formula One to fight for World Championships".