The experienced centre-back is one of only three members in Michael Laudrup's squad to have played for the club in all three divisions, alongside Leon Britton and Alan Tate.
He also has the unique honour of having captained the side in all four leagues and after being linked with a January move to Bristol City, Monk has signed a new two-and-a-half year deal to prolong his stay in Wales, a move which greatly pleased the player.
"I’m delighted. This club has been my life for nearly 10 years and I love it here," he told the club's official website.
"My heart is here and I’ve never wanted to leave from the very first day I arrived.
"I’ve had a few offers to move elsewhere this season and I’ve had to do a lot of soul searching to establish what’s best to prolong my career.
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"The club didn’t want me to go, so I felt that while I am still contributing to the team – on and off the pitch – this was the place I wanted to be.
"I’m grateful to the club for their show of faith in me, but I believe it is something I’ve worked hard for. I may not be the youngest member of the squad, but I’ve kept myself fit and competitive.
"I haven’t played as much as I would have liked this season, but when I’ve played I think I’ve shown that I can compete at this level. I’m certainly not going to step aside for the younger players and make it easy for them – I’m still willing to fight for my place and do my best when called upon."
The 33-year-old has found his first-team opportunities limited so far this term by the summer arrival of Chico Flores, going on to claim that, while he is frustrated, he believes he still has plenty left to contribute both on and off the pitch.
He added: "It’s hard not playing regularly, but it’s something I understand. It’s the manager’s decision at the end of the day and I’m experienced enough to understand that.
"But 99 per cent of managers in the league will tell you that it’s also important to have experience in the squad to help the youngsters on and off the pitch.
"I believe I still have influence in the dressing room because I haven’t let my standards slip. I still train hard and push the boys in front of me as much as I can. We are all in it together at this club and that has been vital to our success over the years.
"I aim to stay competitive and help wherever I can. The day I stop competing is the day I finally move on."