The 26-year-old, who was out of contract after joining the Whites permanently last summer, turned down several offers from leading Sky Bet Championship clubs to remain at Macron Stadium.
Ameobi made 36 appearances and scored four goals in 2017/18 and was twice voted Player of the Month by the club’s supporters as he helped Bolton secure survival last season.
Initially joining the Trotters on loan from Newcastle United on transfer deadline day in August 2016, he also made 24 appearances and scored four goals during the first half of the 2016/17 campaign with Wanderers going on to win automatic promotion that year.
And with his contract due to expire this summer, the Whites have seen off competition to retain the winger’s signature and extend his stay at Macron Stadium until 2020.
Speaking to bwfc.co.uk after putting pen to paper, Ameobi said: ‘It’s great to have signed a new deal because this place means a lot to me. I’m really excited to be back and I can’t wait to get started.
“I spoke to the manager and he knows me very well. I get on so well with everyone here and it’s such a wonderful environment to work in. That was a huge factor in me wanting to stay here.”
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