The 35-year-old joined Milan in 2001 from Juventus, and has since helped the Rossoneri win the 2003/04 Serie A title plus two Champions League trophies in 2003 and 2007.

Inzaghi has scored 103 goals in 222 appearances for Milan, and admits he is thrilled with his new one-year deal.

"I am happy, truly happy," he said.

"The way the club decided to bring the news, without formalities, confirms that between me and this club, between me and these colours, there's a relationship which goes beyond everything."