Renshaw has become a fine exponent of the BBL in recent times, coming into his own in the T20 arena after a promising start to his Test career.
The powerful left-hand batsman knows Adelaide Oval well, striking a match-winning 90 not out off 50 balls in BBL|08.
It was a coming-of-age knock for Renshaw in the shortest format, only through limited opportunity and Australian squad involvement.
Renshaw, 24, scored the second-highest runs for the Heat last season with 348 including three fifties, typically batting at No.4.
He was crowned the Heat’s MVP for his efforts, with a high score of 65 and four wickets with his handy right-arm off-spin.
Renshaw can't wait to get started.
"The Adelaide Strikers have always been an impressive franchise and to be joining them for the next three years, I'm just ecstatic," he said.
"I'm looking forward to having Adelaide Oval as my home ground, which is an oval that I know well and is also one of the best in the world."
"Hopefully it will be possible to play in front of our home crowd at some point, as they really do make such an incredible atmosphere."
Strikers Head Coach Jason Gillespie said:
“We welcome Matt who is a proven batsman and he has really come into his own in T20 cricket in the last couple of seasons,“ he said.
“He is a great character, and everyone at the Strikers is excited to have Matt on board for the next three years.”