The Eagles have picked up the fifth-year option on Pederson's contract, Tom Pelissero of NFL Media reported Thursday. That means Pederson is now under contract through the 2020 season.
Pederson was hired as the Eagles coach in January 2016, and he signed to a four-year contract with the team option for a fifth.
The Eagles went 7-9 in his first season before posting a 13-3 mark in 2017. The Eagles then beat the Falcons, Vikings and Patriots on their way to the first Super Bowl title in franchise history.