The Ecuador international joined from Brighton & Hove Albion in August 2023 and has made 140 appearances, establishing himself as one of the best midfielders in the world and a leader within the squad. He has scored eight goals, one of which was voted Chelsea's 2024 Goal of the Season, and won the UEFA Conference League and FIFA Club World Cup last season.
"I am so happy to have extended my contract at Chelsea. I believe in this team, this club and I know we're going in the right direction. We've only just begun together."
"There is still a lot more to achieve, and I'm very hungry to keep improving every day. I want to win more trophies with Chelsea and give everything for this club and for the fans."
"We have enjoyed some great times together already and my dream is to become a Chelsea legend, and I will work as hard as possible to make that happen."
Caicedo was named supporters' Player of the Season and Players' Player of the Season for the 2024-25 campaign. This season he has worn the captain's armband on several occasions, most recently in last weekend's match against Manchester City.
The renewal is part of a broader effort by the club to lock in their top performers on long-term deals. Captain Reece James was the first to sign a new contract in the current sequence, with at least one further renewal being negotiated before the end of the season.
At 24, Caicedo represents the core of Chelsea's midfield for the foreseeable future. The club's willingness to move quickly on his contract signals how central he is to their long-term plans.