Liam Gill has ended weeks of speculation by re-signing with the Queensland Reds through to the end of the 2016 Super Rugby season.

Gill inked a one-year contract extension, having turned down an approach from the Melbourne Rebels to stay with the Reds, with whom he made his Super Rugby debut in 2011.

It is some positive news for the Reds, who will lose James Horwill and Will Genia to overseas clubs at the end of a season in which they have posted four wins from just 15 starts so far.

The Reds are still waiting for confirmation as to whether Quade Cooper will move to French club Toulon next season.

"I've got a lot of pride in the Reds jersey and that passion for Queensland played a big part in me staying," Gill said in a statement.

"Queensland has been huge in my development and I didn't want to walk out on the club. It's good to know I'll be here next year. I now have a new focus which is to help return the club to winning ways.

"We've got a lot of promising young guys in the squad which we need to continue to develop and if we do that, we've got a bright future."

Gill, a Gregory Terrace old boy, has earned 64 caps for the Reds and played 15 Tests for the Wallabies since his debut in 2012.

The Reds will face New South Wales in Sydney on Saturday night in their final appearance of the regular season.