Petracca, who was set to be a free-agent at the end of 2022, signed a monster seven-year contract extension which is understood to net him between $900,000 to $1 million per year through the 2029 season.
The 25-year-old joins club captain Max Gawn, Clayton Oliver, Christian Salem and Jack Viney as the players to have re-committed to the club since the end of a disappointing 2020 season.
While it was a disappointing year from a club perspective, 2020 was a career year for Petracca, who secured his first All-Australian selection and a club best-and-fairest award to go with it.
The former No.2 pick has taken his game to yet another level in 2021, averaging a career-high 29 disposals per game through the Demons’ 7-0 start to the year.
Melbourne coach Simon Goodwin said the club had never doubted whether Petracca would commit his future to the club.
“I think (the seven-year commitment) shows you the confidence we’ve got in Christian. He’s getting better and better all the time,” Goodwin said.
“I just think it’s a great show of faith from the club, but also from Christian.
“No doubt at all. Christian loves this footy club. He’s worked incredibly hard. He’s got great relationships here with a core group of players.”
Goodwin added that the club was also confident that it could retain young forward Sam Weideman, who has been unable to break into the side despite dominating at the VFL level.
Petracca and the Demons will aim to continue their unbeaten start to the year when they host the Sydney Swans at the MCG at 7:25 pm AEST on Saturday.