"I'm thrilled to be signing a new one-year deal with Leicester City Football Club," the 33-year-old told the club's website.
"It's an exciting time for everyone, with a new training ground being built and some fantastic young talent coming through.
"Our ambition is to play good football and continue to improve. The club and our fans have always been great with me and I want to give back as much as possible. I can't wait to see what next season brings for this football club."
Simpson and Okazaki, who also played a significant role in the Foxes' title-winning campaign, will leave when their contract expires at the end of the campaign.
Full back Simpson has played 131 games for Leicester, while Japanese forward Okazaki has featured 135 times, scoring 19 goals.
(Reporting by Hardik Vyas in Bengaluru; Editing by Chrsitian Radnedge)
Share
