FedEx remains an ATP Platinum partner, the second tier of the organisation’s sponsorship system.

The latest agreement will see FedEx become the new title sponsor of the ATP Rankings.

FedEx will also become the presenting sponsor of the ATP world number one trophies.

The trophies are presented at the season-ending ATP Finals.

“FedEx has been a fantastic partner of the ATP for over 10 years now and we’re delighted to announce this extension to our agreement,” ATP chief executive Massimo Calvelli said.

“In addition to multiple tournament partnerships, the title sponsorship of the ATP Rankings provides FedEx with an unparalleled association with an asset that links the whole season together, and we look forward to a continued successful partnership.”

The ATP said FedEx will continue to benefit from global promotional rights, along with having an on-site presence at tournaments throughout the season.

FedEx will sponsor 13 tournaments each season, with the Madrid Open included for the first time.

“The ATP Tour perfectly reflects what FedEx stands for: a global footprint, speed, excitement and precision,” said Wouter Roels, senor vice-president of international marketing at FedEx Express.

“Since we started our journey as official sponsor of the ATP Tour in 2010, we have enjoyed many memorable moments of passion, persistence on court and possibilities for players to inspire and connect with fans.

“Through our presence at the largest tournaments of the Tour, we will continue to engage with millions of fans all over the world through mainstream and digital media.”