Earlier this week, Bialkowski spoke of his desire to extend his stay at Portman Road, despite spending much of the season as deputy to Dean Gerken.
The Polish stopper also hinted that he was not interested in reported interest from elsewhere, and the former Southampton and Notts County man has backed up his previous comments by signing on the dotted line with the Tractor Boys.
Bialkowski said: "Obviously I’m very happy to have signed a new contract.
“My contract was up in the summer and I had a few calls about what I was going to do but I was only interested in staying at Ipswich and I’m looking forward to the future here.
“I have been pleased with my performances since I returned to the team. I have felt very confident and made some good saves but then that is my job really."
Up until the end of January, the 28-year-old had played just six times this season, but an injury to Gerken against Birmingham City gave Bialkowski the chance to return between the sticks.
Mick McCarthy's side have only won one of the three games Bialkowski has played in since his return, but he will have a further chance to impress when Ipswich host Hull City in the Championship next Tuesday.