There was speculation that the Finn and 2007 world champion could lose his seat, a threat that had loomed in 2014 and 2015 but with a smaller driver market the Scuderia opted to leave their lineup unchanged.
Ferrari were thought to be looking into hiring Daniel Ricciardo, Max Verstappen or Carlos Sainz but all three were recently confirmed in their seats.
A statement issued on behalf of team principal Maurizio Arrivabene said: “Scuderia Ferrari announces that it has renewed its technical and racing agreement with Kimi Raikkonen.”
“The driver line-up for the 2017 racing season will still consist of the Finnish driver and Sebastian Vettel.”
Raikkonen rejoined the team in 2014 following a three-year stint between 2007 and 2009 during which he won the world championship in his first season with the team. He has taken four of the team’s nine podium finish so far this year and is tied with Vettel on 96 points.
Sunday’s race will be Raikkonen’s 100th as a Ferrari driver. His most recent victory for them was at Spa-Francorchamps in 2009.