The new deal will keep the 28-year-old at Sunderland until the summer of 2015.
Sessegnon has been a hit for Sunderland since joining the club from Paris St Germain in January 2011.
The new deal is subject to Sessegnon being granted an extension to his current work permit.
Sessegnon has been linked with the likes of Arsenal and Liverpool as well as a return to PSG in recent months.
What is your opinion? Feel free to discuss the article under. You have to comment by using your Facebook profile. Be fair and have respect for other people and opinions!
Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.