The 32-year old had been in the last year of his contract, but has managed to secure a new one-year deal after an impressive 2021 campaign kicking 34 goals from 13 games so far this season.
Riewoldt will enter his 16th season next year and confirmed the news on Fox Footy's AFL 360 on Tuesday night.
Jack Riewoldt confirms that he has "formally agreed" to a contract extension with Richmond 🔥🔥
— Fox Footy (@FOXFOOTY) June 22, 2021
"I actually haven’t signed a bit of paper but I’ve formally agreed to hang around for another year," Riewoldt said.
"I’m super excited obviously. I’ve actually never gone into the last year of a contract - we’ve always sort of renegotiated with a year to go."
"It played on my mind a bit early on - obviously last year I didn’t have as good a year as I would’ve liked. This year I feel like I’ve played good footy and been able to keep myself in really good condition and I think my football is doing the talking for me at the moment."
"Rapt to be onboard and back at Tigerland next year."
Riewoldt's contract extension further bolsters the Tigers' premiership credentials into next season as the Tigers look to secure the services of exciting forward Shai Bolton. Rumours have continued to circulate around the addition of 2018 Brownlow Medalist Tom Mitchell for next season but the Tigers are yet to flag an official interest.