Giggs has appeared in united colours in 727 times since debuting against Everton in March 1991.
Giggs is the second most in the appearence table trailing Bobby Charlton's 759 matches.
Giggs has scored 141 goals so far in his United career, and won 18 tittles with the Red Devils.
Ryan Giggs: a fantastic demeanour
Speaking to the Club's official website Giggs said: "I would like to thank Sir Alex Ferguson, the fans and everyone at the club for the great support I have received over the years."
and Fergusson delights: "I am absolutely delighted that Ryan has signed for a further season. He epitomises the word loyalty - he signed here as a 14-year-old school boy and is still with the club 20 years on.
"Apart from his playing ability he has a fantastic demeanour and is a great role model to the younger players. I am sure he will be at the club for a long time to come."
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