The 32-year-old defender has committed to the Foxes cause until the summer of 2019 and is delighted to be given the chance to again wear the blue of the reigning Premier League champions.
"To commit my future to Leicester City is a wonderful feeling," Morgan told the club's official website.
"Everyone knows how I feel about playing for this Club and with my teammates, so I'm proud to have the chance to carry on wearing the shirt long term."
Foxes captain Morgan joined Leicester from Midlands rivals Nottingham Forest in 2012 and has since made close to 200 appearances during his time at King Power Stadium.
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