An update on the condition of Juan Manuel Correa has been provided, which states that the Ecuadorian born driver is now "fully conscious".
Correa will also undergo surgery on Sunday as he continues his recovery following his major collision at the Formula 2 Feature Race in Belgium.
The update states that the surgery on Sunday to his legs will be "crucial" to determining the future of the 20-year-old, as the leg injuries that he sustained are severe, and will require complex surgery.
Correa was given the option by the doctors to have his right foot amputated, however, he refused and has instead opted for surgery.
"Earlier this week, Juan Manuel was transferred to a new hospital in London, England that specializes in orthopedic surgeries as the focus shifts from his lungs to his lower body extremities," read the statement.
"Juan Manuel is now fully conscious, and his lungs have recovered much faster than anticipated. His overall physical improvement and willpower has doctors impressed. The main objective this week has been to get Juan Manuel in the best condition possible for his surgery on Sunday that will be 10+ hours in duration.
"Sunday’s surgery will be crucial in determining Juan Manuel’s future. Doctors will have, for the first time since the accident, complete access to the wounds on his lower right leg. They will be able to determine the actual level of damage to his tibia, ankle, and foot.
"During surgery, they will save what can be saved and removed what needs to be removed in order to rebuild his right lower leg to the best possible condition. The surgeons are the top in their field and are cautiously optimistic given the fast-paced recovery that Juan Manuel has had in the previous week.
"The injuries that Juan Manuel sustained are severe, and the surgery procedure is very complex.
"Doctors gave Juan Manuel the option of right foot reconstructive amputation. He has chosen NOT to have the amputation and to proceed with the surgery, understanding all the challenges involved."