Keefe has played over 300 games for the Giants, scoring 56 goals with 74 assists.
Steve Thornton, Head of Hockey Operations, said: “Adam plays to win every game night and he is the fans’ favourite for a reason.
“Most importantly for me and for the fans, he wants to win more titles in Belfast.
“Adam embodies the true meaning of the Giants with his work with charities, schools and youth groups throughout Northern Ireland.
“Every team in our league would love to have a player like Adam Keefe and I am very pleased to have him back for the 2016/17 season.
Keefe added: “After my first season here, winning a league championship along with my experience of the fans and the city, I have been hungry to continue to bring trophies back to the city.
“The passion that the fans bring to our games makes me and the team want to continue to play hard for them and that has been the driving force for me to come back.
“My number one goal is to bring as many trophies back to Belfast and we need to get on the right track starting early next season, so we can to get off to a good start and get the ball rolling.”
(Image permission: Andy Gibson)