The Armenia international joined Roma on a season-long loan from Arsenal in September.
He has recorded19 appearances while scoring six goals for the Serie A side so far.
“I'm very pleased,” Mkhitaryan said in a statement.
“I'm happy to extend my stay here, because I still have things that I haven’t achieved yet that I want to achieve. I’m looking forward to it.”
Roma CEO Guido Fienga: added: “We are happy that Henrikh has decided to stay with us, and help us continue to grow.
“The club’s targets have not changed and we always want to have players at our club, like Micki, who show their desire, professionalism and determination, who represent our club and our fans in the right way.
“I hope Micki stays at Roma for a long time – and I want to congratulate him on the birth of his son here, too.”
If you recall that Mkhitaryan joined Arsenal from Manchester United in 2017 as part of a swap deal involving Alexis Sanchez.
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