Riise joined Liverpool from Monaco during the summer of 2001 and has been a key member of the first team squad ever since.
The left-sided Norway international can operate in midfield or defence and has so far scored 23 goals in 235 appearances during his time at Anfield.
Manager Rafael Benitez told Liverpoolfc.tv today: "I'm delighted that John has signed a new deal with us.
"He is a dedicated player, very professional and he has a great mentality. His attitude is first class. He trains well and works hard every day.
"He has always done a good job for Liverpool, whether at left back or in left midfield, and it's great news that we can include him in our plans for the coming years."
from liverpoolfc.tv
good to see us keeping our best players
