Buffon held up a Parma shirt with “2024” on it together with Kyle Krause, the club’s American owner, to announce the one-year extension.
Buffon joined Parma in June more than a quarter-century after beginning his legendary career with the team.
“For me and my family, this is a wonderful day; I hope that the city and all fans will be happy,” he said.
“My return to Parma was linked to the relationships and the deep bond I’ve always had with this city.
“If I hadn’t believed in what the president has in mind and in what we’re doing, I wouldn’t have accepted this proposal.
“I’m optimistic for the future of this club; it’s a beautiful and exciting challenge for me.”
Buffon began at Parma as a 13-year-old and had his first international success with them by helping the team win the UEFA Cup in 1999.
He moved to Juventus in 2001, at 23, and won numerous trophies with the club.
He also made 176 appearances for Italy and was a key player in their 2006 World Cup success.
Parma were relegated last year after finishing last in Serie A.
This season they are in 13th place in the 20-team Serie B. Buffon has played in 23 of Parma’s 26 league matches.
- AAP
