YES, "Reports suggest that there is a clause in the Mexican driver's contract, which is currently due to expire at the end of 2024, which states that if the gap between the two drivers is 125 points or above, Perez's contract could be changed." ~Lydia Mee-Aug05,2023 -

Considering the statement from the above reporter and by gathering the required data we can conclude that Perez is walking on thin ice as his gap with Max(2023 champion) is just 209 points, contributing only 34% for the constructor championship. From the Redbull given history on how hard they are on underperforming drivers, Perez statistics of average position last 10 races which is 6.4 compared to his teammates Max 1.4 .

Apart from not having regular podiums like the team wants him to, Perez has continuously underperforming than cars less faster than his and not finishing the race once every year pulling back the team more. While factoring his age and performance Redbull will be looking for younger and more competitive driver .

As Redbull being a elite expensive F1 team many young players like Lando Norris, Alex Albon, Yuki Zunoda, Liam Lawson will be more than happy to have the second seat of Redbull partnering with Max .