In a huge boost for the Magpies days out from the start of the 2012 season, the 24-year-old made the commitment on Wednesday, putting an end to speculation about his future.
Pendlebury announced on the Magpies’ new Fox Footy TV show The Club that he wanted to be “a Collingwood player for life”.
"With four years it takes me to 28, hopefully I'm not done at the end of those four, and then hopefully I can sign another one at the end of that and stay a one-club player.
"That's something that is very important to me."
The midfielder also touched on his leadership ambitions, telling The Club that he would jump at the opportunity to captain the side should it arise in the future.
"Hopefully down the track, if it presents itself, it's something I would love to do," Pendlebury said.
"I want to play in premierships and I think I've got the best opportunity to do that at Collingwood".
Since being drafted from Gippsland Power with the fifth overall pick in 2005, Pendlebury has played 127 games and become one of the league’s most decorated midfielders.
He broke through for his first Copeland Trophy as the club’s best-and-fairest in 2011 after finishing second twice (2007, 2010) and third once (2008), and played a key role in Collingwood’s 2010 premiership by winning the Norm Smith Medal as best player on the ground in the Grand Final replay.
Pendlebury has been named All Australian for the past two years running, was the Magpies’ best player in finals in 2011, and in 2007 was runner-up in the AFL’s Rising Star award.
