"Peter still has a great deal to offer us as a player and we are pleased he has decided to extend his stay with us," chief executive Tony Scholes said in a statement on the club website (www.stokecityfc.com).
The lanky 35-year-old joined the Potters in August 2011 for a then-club record 10 million pounds ($12.15 million) and has scored 49 goals in 186 appearances.
He has a career tally of 98 Premier League goals, including two from his last two outings.
($1 = 0.8229 pounds)
(Reporting by Alan Baldwin, editing by Neil Robinson)
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