This latest deal will keep him playing under Sir Alex Ferguson for the 22nd season in a row.
The 38-year-old has been an ever-present in the Red Devils’ side for nearly the entire time since he made his debut in March 1991 and Ferguson was singing his praises.
“Ryan is a marvellous player. In many ways, he epitomises all my teams here at United: he has constantly re-invented himself, adapted to the changing nature of the game and retained that desire and hunger for success,” the Scot told the club’s official website.
“In every training session and match, he is the example for others to follow. The young players in the dressing room have a great chance to learn from a player who will continue to break records that anyone in the game will find hard to beat.”
Giggs has been picked to play 22 times already this season and this has taken his total tally of games to 898 overall for United.
His Old Trafford career has been one of almost continual success and in that time he has become the most decorated player in English football history – including 12 league titles, four FA Cups and two Champions League wins.
The contract offer will come as no surprise considering his recent contributions to United’s title chase, with assists in both the games against Chelsea and Arsenal.
“When I signed my first contract, I never thought I’d be able to play at United for 22 years, but I feel good and I know I can still contribute to keeping the team pushing for honours,” said Giggs
“Winning the club’s 19th title was a great feeling but this club is all about what we do next and I’m really pleased I can be part of that.”