Hoyland, 28, made his comeback from injury in Saturday night’s 16-10 defeat by Ulster in the United Rugby Championship.
“This will be my ninth season at Edinburgh and it’s the most excited I’ve ever been in my rugby career,” Hoyland told the club’s website.
“We have a great group of boys and I’m really enjoying working with the coaches. I can’t wait to do my bit to help finish the year off with a bang as we build up to a number of huge fixtures for the club, including this month's 1872 Cup decider which is massive for the city.”
The Ulster game was Hoyland’s first since he injured his knee in the home win over Benetton on December 3.
Edinburgh, who have not announced the length of the new deal, host Wasps in the European Challenge Cup quarter-finals this Saturday.