Atletico Madrid's Gabi (R)in action with Bayern Munich's Arturo Vidal (L).
PHOTO: REUTERS
The 33-year-old midfielder, a product of Atletico's youth academy, is in his second spell with his boyhood club, having returned from Real Zaragoza to help Diego Simeone's side claim the league title in 2013-14.
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Atletico have also reached the final of the Champions League twice in the past three years, losing on both occasions to city rivals Real Madrid.
"I am very happy to continue for one more year at home. I always say that playing with Atletico Madrid was my childhood dream, so I cannot ask for more than what I am experiencing," Gabi told the club's official website.
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