In the week before the European Grand Prix, Jordan announced that Irvine would be retained on a two-year contract. However, Ferrari then announced that it had bought out Irvine's contract, and that he would be partnering Michael Schumacher at the team for 1996. He fared well in the race by finishing sixth, although he finished outside the points in the Pacific Grand Prix. Irvine scored his final points of the season with a fifth in Japan, and finished the season with a retirement in Australia, due to pneumatic pressure. He finished the year 12th in the Drivers' Championship with 10 points.