"Jermain is one of the greatest goal-scorers in the history of the Premier League and is a player that every manager would want to have in their team," manager Sam Allardyce told the club's website (www.safc.com).
"He proved that beyond doubt last season by scoring 15 league goals, he is in fantastic physical condition and we are very pleased that we have been able to extend his stay with us."
Sunderland also extended the services of defender Patrick van Aanholt, who signed a new four-year deal at the club on Wednesday.
(Reporting by Ian Rodricks in Bengaluru; editing by Clare Lovell)
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