The club announced on Wednesday that the 25-year-old midfielder has decided to stay at Stamford Bridge until 2017.
Mikel is happy to have spent six years with the Blues in spite having a torrid start to his Chelsea career.
"Chelsea seems like my home now because I have been here for over six years and I enjoy my time here.
"I come into the training ground every day to work and I value my time there. I am happy and want to keep going and win trophies for this club," he said.
Mikel remains a key player for Rafa Benitez's team.
He has won one Barclays Premier League title, four FA Cups and a League Cup.
But he has managed just two goals in his six-year Chelsea career and has made more than 250 appearances for the club.
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