The Portuguese defender has extended his stay at the club by signing a new two-year contract extension.
It'll see him remain at the Etihad until the summer of 2027.
Since joining City in 2019, the full-back has further advanced his credentials as one of the world's best.
He won a Premier League medal last year and has made a total of 106 appearances for the club.
“Manchester City is a fantastic club, so I am incredibly happy to have signed this new agreement,” the 27-year-old said.
“City players have everything they need to reach their full potential, with amazing facilities, world-class teammates and an incredible manager who pushes us every single day.
“There is nowhere better to play football and it’s a pleasure to work here.
“I have so much I want to achieve before my career ends, and Manchester City offers me the best chance of fulfilling my ambitions.
“This new contract means I now have complete focus on improving my game and winning more trophies with this team.”
— Manchester City (@ManCity) February 1, 2022
Director of Football Txiki Begiristain was effusive is his praise of Cancelo's impact.
“Joao is the ultimate professional. He absolutely loves football and applies himself every single day in a bid to become better.
“He sets really high standards, and any young player should observe the way Joao applies himself if they want a blueprint for success.
“Not only does he have incredible talent, he also displays perfect dedication to this sport. That’s why he can play so many games at such a high level.
"His consistency during the last two seasons has been amazing.