Scholes initially retired last summer but was persuaded to return to the club in January by manager Sir Alex Ferguson, as the 37-year-old went on to provide a stabilising influence in the United midfield as they narrowly missed out on the Premier League title.
Ferguson confirmed earlier in the month that the experienced midfielder had agreed to terms on a one-year contract extension, and that deal has now been formally completed - while goalkeeper Ben Amos has also agreed a new three-year deal to remain at Old Trafford.
"I've spoken to him and he's staying," Ferguson said of Scholes two weeks ago. "I'm delighted. He knew he'd made a mistake.
"He now realises that if he plays 25 or 30 games next season, they'll be of real quality. We know our player very well. We've had him since he was a kid and we know how to use him."
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