The new deal will keep the 24-year-old at Bilbao until the summer of 2017.
Susaeta’s previous deal with Bilbao was due to expire in the summer of 2013.
Susaeta’s new deal includes a buyout clause of around €35million.
The winger has long been linked with a move to Manchester United.
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Being an amiable guy is good for you and Jurgen Klopp is living proof.
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.