The former Ipswich Town striker has become a key player for Potters boss Tony Pulis since moving from the Tractor Boys last summer.
He was the club's joint leading scorer last season with 12 goals, and helped Stoke reach the FA Cup final.
New deal: Jon Walters has extended his stay at Stoke
Pulis believes the new deal is a just reward for the 27-yar-old for the way in which he has risen to the challenge of playing at a higher level.
He said: 'I'm very pleased for Jon because he's come in as a lower-league player and established himself to play a part in the Premier League. In fact, he's done more than that.
'We're very pleased he's agreed a new deal and made sure his long-term future lies with us.'
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Source: Daily Mail
Source: Daily Mail