Dynamo Kyiv President Ihor Surkis agreed with the Romanian on the extension of the contract.
The Romanian manager signed a contract with Dynamo under the 2+1 scheme last summer.
Lucescu won the Ukrainian Premier League, the Ukrainian Cup and the Ukrainian Super Cup with Dynamo in his debut season. In the Ukrainian Premier League, Dynamo Kyiv is 11 points ahead of Shakhtar Donetsk.
Lucescu spent last year in the club under pressure from the ultras. Active fans are dissatisfied with the appointment of the coach who used to work for rivals Shakhtar Donetsk in the past.
The new season of the Ukrainian Premier League is due to start on July 25. Dynamo and Shakhtar will meet in a match for the Super Cup on July 24.
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