The Fire initially declined the option on Segaresâ€™ contract on Monday, meaning he had become a free agent, but the Chicago club have backtracked on that and signed the Costa Rican to a multi-year deal.
â€śIâ€™m very happy to continue on as a Fire player,â€ť he said in a statement.
â€śChicago is my second home and the Fire have been a big part of my life for a long time. I look forward to more success with the club in the future.â€ť
Fire president of Soccer Operations Javier Leon added: â€śWeâ€™re pleased that Gonzalo will remain a member of the club.
â€śHe has been a tremendous asset to the Fire backline for nearly a decade and has been key to our defensive stability.â€ť