The one-year extension to his contract will see him front three new programmes for the channel, according to The Sun.
However, his cooking magazine show The F Word will not return for a sixth series.
A source close to Ramsay said: "Gordon is excited to be signing for another year. The eight-year partnership has produced some of the highest rating shows on Channel 4, with the latest series Gordon Behind Bars out next week, as well as a new series confirmed for the autumn.
"Gordon's on great form and thrilled to be back on Channel 4 next week."
Meanwhile, a show insider added: "Gordon is a key part of our success and we're delighted he's staying with us.
"He remains Britain's most entertaining chef and we see him as an integral part of our schedule."
Gordon Ramsay will return to UK TV in new show Gordon Behind Bars, where he teaches inmates at Brixton Prison how to cook.
The British chef will front new show Hotel Hell on Fox in the US on August.