The deal, which will take Giggs beyond his 40th birthday, has been agreed after an outstanding series of performances from the veteran and will stop speculation that he would retire at the end of the season.
The midfielder is already the most decorated player in British football history and will be winning his 13th league championship should United press home their 12-point advantage over Manchester City in the Barclays Premier League. His next appearance will be his 1,000th senior appearance, which includes games for Wales and Team GB at the London Olympics.
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