The 'Late Night' host will also host a primetime special on New Year's Eve highlighting the current events and big news stories of 2016.

Seth Meyers is staying behind the desk at Late Night.

NBC has extended his contract through February 2021, network chief Bob Greenblatt announced Wednesday at the Television Critics Association's winter press tour.

The news comes as Meyers prepares to celebrate his two-year anniversary at Late Night in February. The past year saw the former Saturday Night Live head writer continue to settle into the hosting gig. In August, Meyers shifted from a more traditional standing monologue to opening the show from behind his desk — a move reminiscent of his many years anchoring "Weekend Update" on SNL.

“As a writer, performer and host, Seth has a rich history at NBC, and we are thrilled that he’ll be at the helm of Late Night for many more years,” Greenblatt said in a statement. “His knowledge of both current events and pop culture is unparalleled, and he brings that expertise to Late Night every night. The show couldn’t be in better hands.”

Added Meyers: “I can’t thank NBC enough for continuing to support our show, and this more than makes up for my disappointment in not getting cast in The Wiz."

In addition to the contract extension, NBC also announced that Meyers will host a primetime special on New Year's Eve highlighting the current events and big news stories of 2016. He will replace Bravo's late-night host Andy Cohen, who presided over a special edition of Hollywood Game Night at 10 p.m. on New Year's Eve last month to tepid ratings.

Thanks to a strong lead-in from The Tonight Show Starring Jimmy Fallon, Late Night has routinely beat its competition, CBS' The Late Late Show With James Corden.

The decision to re-up Meyers also comes after NBC pulled a similar move with Fallon, announcing his contract extension through 2021 at the summer press tour.

Late Night With Seth Meyers is executive produced by Lorne Michaels and produced by Mike Shoemaker. The series hails from Universal Television and Broadway Video.