"I'm very happy to be able to continue defending this shirt," Saul told Atletico Madrid's website on Wednesday.
Saul joined Atletico Madrid's academy in 2007 after an ill-fated spell in local rivals Real Madrid’s youth set up, making his first team debut in a Europa League game with Besiktas in 2012.
The midfielder spent the 2013/14 season on loan at another Madrid club Rayo Vallecano, consolidating his place in the Atletico team the following year.
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He has made 45 appearances this season in all competitions, scoring eight goals.
(Reporting by Richard Martin; Editing by Dominic Evans)
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