The Falcons exercised Pitts' 2025 fifth-year option, Field Yates of ESPN reports.
Pitts looks set to benefit from improved quarterback play, with Kirk Cousins (Achilles) slated to sign a four-year, $180 million contract with Atlanta, Michael Rothstein of ESPN reports.
Pitts finished the 2023 season with 53 receptions on 90 targets for 667 yards and three touchdowns across 17 appearances.
Pitts posted one catch (on five targets) for five yards during Sunday's 37-17 loss in Chicago.
Pitts brought in three of four targets for 49 yards and a touchdown in the Falcons' 29-10 win over the Colts on Sunday.
Pitts missed Friday's practice for personal reasons but doesn't have an injury designation for Sunday's game against the Cardinals.
Pitts caught three of five targets for 35 yards during Sunday's 28-23 loss to the Titans.
Pitts reeled in three of four targets for 47 yards during Sunday's 16-13 win at Tampa Bay.
Pitts caught four of six targets for 43 yards and a touchdown during Sunday's 24-16 loss to the Commanders.
Pitts brought in seven of 11 targets for 87 yards in the Falcons' 21-19 win over the Texans on Sunday.