"I am happy, my family's happy, everyone is happy," he told the Wanderers website.
"The club has been very good to me since the moment I signed here. I don't have any reason to want to move and I'm looking forward to the new season."
The former Arsenal youth team player and England Under-21 international was signed by previous Bolton boss Gary Megson but has made a big impact on new manager Owen Coyle.
Shouldn't be long till that England cap comes knocking
Woody-Cornish-Wanderer
"Everybody knows my opinion of him," said Coyle.
"He's a great young prospect and I'm delighted he's signed an extended contract. He loves being at the club, I like working with him and hopefully we can move on together."
Source: BBC Sport
Source: BBC Sport