Storm five-eighth Cameron Munster.

Melbourne Storm have announced the re-signing of representative five-eighth Cameron Munster until the end of the 2023 season.

Munster extending his stay at the Storm for another five years is a massive coup for the club.

The 24-year-old Queenslander has agreed to terms with club officials, putting an end to the prospect of the Australian five-eighth being on the market for other clubs to swoop.

Munster was off contract in 2019 and was in the sights of several NRL rival teams.

The talented playmaker's re-signing will help the Storm as they make the transition into the post-Billy Slater era, a year after Cooper Cronk switched to the Roosters.

Now the Storm faithful will be waiting on skipper Cameron Smith to complete the good news for 2019 and announce that he will be staying for at least another season. Club officials are hopeful of sealing that deal soon.

Storm coach Craig Bellamy told NRL.com that he had no issues with the veteran of 384 NRL games wanting to play on for a further two years.

"I don't see it as a problem at all."

The two-time premiership-winning mentor also said Smith would not be playing at another club.

"He's going to be here next year. It's just a matter of sorting a couple of things out," Bellamy said.