The 31-year-old front-rower, who won five caps under former Wales coach Wayne Pivac, was the club’s top try-scorer last season with seven and has crossed 33 times in his 138 appearances to date for the for the region.
“I’m thrilled to be staying with the Ospreys and continuing my rugby journey with the region. It’s an exciting time to be part of the squad, with some top youngsters coming through alongside some seasoned vet,” said Parry.
“We’ve got a great group of players and coaches here, and I look forward to working hard with them to achieve our goals in the upcoming season.”
Parry will challenge Wales World Cup hopeful Dewi Lake for the starting berth next season. The Ospreys also have another Welsh international hooker on their books in Scott Baldwin, but lost a fourth Test star in Tonga’s Elvis Taione at the end of last season when he retired.
“We’re delighted that Sam has signed a new deal, he was a key figure in our set-piece last season. He’s an impressive hooker and he has been an important part of the Ospreys squad for several years now.”