Bagnaia has been a Ducati rider for his entire MotoGP career so far since his debut in 2019 with Pramac Racing, earning a step up to the factory squad in 2021.
In 2022, Bagnaia ended a 15-year title drought for the Italian manufacturer and backed that up with a second championship last year after beating Ducati rival Jorge Martin in the season showdown in Valencia.
Although the news took a little longer than expected to be confirmed, the predictions of general manager Gigi Dall'Igna that Ducati would be able to sign Bagnaia to a new contract ahead of the 2024 season getting under way this weekend in Qatar were proved true on Monday afternoon.
As a result, the 27-year-old double MotoGP champion is committed in the medium-term within the Ducati structure until the end of 2026.
"I am very happy to be able to continue racing with the team of my dreams," Bagnaia said.
"Wearing these colours is an honour for me. It's fantastic and a source of pride. Together with Ducati, my team and all the people at Ducati Corse we have been able to do incredible things and in these three years ahead of us we will continue to give the maximum to try to achieve more success."
Dall'Igna added: "Pecco was the first Italian to win a world title in MotoGP on an Italian bike.
Source: Autosport