Cruz, 40, hit .303 with 16 home runs and 33 RBIs in 53 games last season for Minnesota.
The 16-year veteran and six-time All Star hit .311 with 41 home runs and 108 RBIs in 120 games during his 2019 campaign. Cruz helped the Twins set the MLB single-season record for home runs that season.
The designated hitter has a .278 average with 417 home runs for his MLB career. Cruz first joined the Twins as a free agent signing before the 2019 season. He played on a $12 million option in 2020.