Lidström agreed on a two-year extension that will keep him with the club through the 2009-2010 season.
In his 15 seasons with Detroit, Lidström has amassed 205 goals and 695 assists in 1,212 games.
In 192 playoff games he has 39 goals and 97 assists and he helped the Red Wings capture the Stanley Cup in 1996-97, 1997-98, and 2001-02.
The 37-year-old Swede, a five-time winner of the Norris Trophy as the NHL’s outstanding defenseman, is currently second among defensemen in scoring with three goals and 29 assists.
In the 2006 Winter Olympics, Lidström scored the game winner for Sweden in the gold medal game against Finland.
He joined the small group of players to have been part of teams that won a Stanley Cup, a hockey world championship, and an Olympic gold medal.
Lidström, who became Detroit’s captain after longtime Red Wings center Steve Yzerman retired in 2006, is currently the top vote-getter in Western Conference All-Star balloting.