Kelce signed a four-year, $57.25m (£45m) extension with Kansas City in 2020, which followed a $46m (£37m) five-year contract that he signed in 2016.
The new extension is expected to once again make him one of the league’s highest-paid tight ends.
The 34-year-old, who was chosen by the Chiefs in the third round of the 2013 draft, is the franchise’s all-time receiving leader with 11,328 yards.
Chiefs quarterback Patrick Mahomes celebrated the news by writing: “I told y’all I’ll never let him leave!! Congrats my guy!” on X.
Mahomes threw a walk-off touchdown to Mecole Hardman in overtime as the Kansas City Chiefs shattered the hearts of the San Francisco 49ers with a 25-22 victory at Super Bowl LVIII in Sunday’s thrilling Las Vegas finale in October.
The podcast Kelce hosts with his brother and former Eagles center Jason Kelce – ‘New Heights’ – has become one of the most popular across several genres, and he will soon host a quiz show on Amazon Prime.