The 32-year-old's previous deal expired earlier this week, but he will now remain at the King Power Stadium for at least another season.
Hammond joined Leicester from Southampton two years ago, going on to score once in 44 appearances for the Foxes.
Leicester are currently without a manager following Tuesday's dismissal of Nigel Pearson.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Manchester CityMan City | 9 | 7 | 2 | 0 | 20 | 9 | 11 | 23 |
| 2 | Liverpool | 9 | 7 | 1 | 1 | 17 | 5 | 12 | 22 |
| 3 | Arsenal | 9 | 5 | 3 | 1 | 17 | 10 | 7 | 18 |
| 4 | Aston Villa | 9 | 5 | 3 | 1 | 16 | 11 | 5 | 18 |
| 5 | Chelsea | 9 | 5 | 2 | 2 | 19 | 11 | 8 | 17 |
| 6 | Brighton & Hove AlbionBrighton | 9 | 4 | 4 | 1 | 16 | 12 | 4 | 16 |
| 7 | Nottingham ForestNott'm Forest | 9 | 4 | 4 | 1 | 11 | 7 | 4 | 16 |
| 8 | Tottenham HotspurSpurs | 9 | 4 | 1 | 4 | 18 | 10 | 8 | 13 |
| 9 | Brentford | 9 | 4 | 1 | 4 | 18 | 18 | 0 | 13 |
| 10 | Fulham | 9 | 3 | 3 | 3 | 12 | 12 | 0 | 12 |
| 11 | Bournemouth | 9 | 3 | 3 | 3 | 11 | 11 | 0 | 12 |
| 12 | Newcastle UnitedNewcastle | 9 | 3 | 3 | 3 | 9 | 10 | -1 | 12 |
| 13 | West Ham UnitedWest Ham | 9 | 3 | 2 | 4 | 13 | 16 | -3 | 11 |
| 14 | Manchester UnitedMan Utd | 9 | 3 | 2 | 4 | 8 | 11 | -3 | 11 |
| 15 | Leicester CityLeicester | 9 | 2 | 3 | 4 | 13 | 17 | -4 | 9 |
| 16 | Everton | 9 | 2 | 3 | 4 | 10 | 16 | -6 | 9 |
| 17 | Crystal Palace | 9 | 1 | 3 | 5 | 6 | 11 | -5 | 6 |
| 18 | Ipswich TownIpswich | 9 | 0 | 4 | 5 | 9 | 20 | -11 | 4 |
| 19 | Wolverhampton WanderersWolves | 9 | 0 | 2 | 7 | 12 | 25 | -13 | 2 |
| 20 | Southampton | 9 | 0 | 1 | 8 | 6 | 19 | -13 | 1 |
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