"It means a lot to me," Morgan said in a statement. "We've been through so many ups and downs together as a football club, and I’ve been right at the heart of it from the very beginning.
"So to extend my time here means very much to me and I'm very happy. I can see a very, very bright future for Leicester City," added the Jamaican centre-back.
Morgan, who signed for the Midlands outfit in 2012, played in every minute of their title-winning campaign in the 2015-16 season and was named in the Premier League team of the year.
(Reporting by Rohith Nair in Bengaluru; Editing by Ken Ferris)
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