The Friends star was part of the revamped show that aired last year, alongside radio and TV personality Chris Evans.
With Evans’ departure from the show, it was speculated that LeBlanc would also not be returning.
However, this new deal ensures that he will be present on the show as one of its main presenters for at least another two series, in a contract that’s rumoured to be worth up to £2 million.
LeBlanc will present Top Gear alongside Rory Reid and Chris Harris, who had previously appeared on the show in non-regular segments but will now play a full part.
Like the last series, they’ll be accompanied by appearances from Eddie Jordan, Sabine Schmitz and fan-favourite, The Stig.
BBC2’s channel editor, Patrick Holland, said that LeBlanc was a big part of the plans for the show’s future.
“Matt was hugely popular with Top Gear viewers last series with his humour, warmth and obvious passion for cars and for the show, so I couldn’t be more delighted that he’s agreed to come back and do more for us.”
BBC producers have added that it they have come to an agreement with LeBlanc to film the show around the commitments he has to his new US sitcom, Man With a Plan, which is due to air next month.
Reports have also claimed that the BBC will be willing to give a bigger budget to Top Gear after the loss of its biggest hit, The Great British Bake Off.
Top Gear remains one of the BBC’s biggest properties, with books, DVDs, live shows and other merchandise netting the corporation around £50 million every year.