The England playmaker has made 152 appearances for the European champions.
Owen Farrell has signed a new five-year contract at Saracens that will tie him to Allianz Park until 2022.
The England playmaker has made 152 appearances for the European champions since making his debut in 2008 and his decision to commit his long-term future is a significant coup for Mark McCall’s men.
“It’s an opportunity to hopefully grow with this group again for the next few years, to get better and improve on what we’ve already done,” Farrell said.