Reed, 25, played in only seven games last season after breaking his collarbone in Week 2. He'll earn $2.2 million this upcoming season before his new contract kicks in next year, which will keep him in Green Bay through 2029.
Reed posted a career-low 207 yards and one touchdown with 19 receptions after dealing with his injury. He was seven yards short (793) of putting up back-to-back 800-yard seasons in his first two years (2023-2024) in the league, along with at least six touchdowns in each of them.
The new extension comes after the team let former receiver Romeo Doubs walk in free agency and traded Dontayvion Wicks to the Eagles.
Green Bay finished the 2025 season with a 9-7-1 record, ultimately losing in the Wild Card round of the playoffs.
After not having a first-round pick in the 2026 NFL Draft, Green Bay will be selecting 52nd and 84th overall during Day 2 on April 24th.