Ferdinand has signed a new five year deal at Old Trafford which with him being 29-years old will probably see him play out his footballing career at Old Trafford.
"I'm delighted Rio has signed a new contract," Ferguson told the club's official website.
"Rio's contribution this season has been a major factor in our outstanding defensive performance.
"Rio has matured into his role at the club and has shown, when needed, what a great captain and leader he can be."