Chirivella, who joined the Liverpool academy from Valencia in the summer of 2013, is the Spain Under-18 captain.
He told the Liverpool website that the new deal is a reward for the sacrifice he made in leaving his homeland to move to Merseyside.
“It feels really good,” he explained. “I have worked really hard in the last year. I’m very proud to sign a new contract with one of the best teams in Europe.
— Liverpool FC (@LFC) March 9, 2016
“When Liverpool wanted me to sign here, I had no doubt about it. But when I came here, I needed to perform really well because the club trusted me and I had to give them a reason why.
“With pressure and [being] away from family, there are a lot of things that make it difficult, but now I’m pleased to be doing really well here.”