The unrestricted free-agent wide receiver announced via his Twitter account that he is re-signing with the Giants.
"I Just got done officially signing back with the Superbowl Champs!!! #blessed #readytoplay," Hixon tweeted.
Hixon was in New York on Friday to have his right knee examined before meeting with general manager Jerry Reese in New Jersey at the Giants' facility.
It appears Hixon's rehab is going well after he tore his right ACL for the second straight season on a spectacular touchdown catch against the St. Louis Rams in Week 2.
Hixon first tore the ACL during the Giants' first-ever practice at MetLife Stadium in the summer of 2010.
"It's one of those things, they gave me an opportunity when I got released from Denver (in 2007)," Hixon said on the team's website. "And then these past two years with knee injuries they stuck with me. They could have cut me and let me be on my way and be done with me. But they didn't do that."
"I know a lot of times in the NFL loyalty isn't that big," he continued. "But in this situation I really felt like I wanted to be here. They helped me out time and time again. I wanted to stay here and repay that."
Hixon said he is positive he will be ready for the start of training camp in late July. He hopes to be on the field before then.
"I was trying to get (Giants team physician) Dr. (Russell) Warren to cut me loose for spring ball and do OTA's and he definitely sees me doing that," Hixon said. "I'm chomping at the bit."
The Giants are hoping that Hixon, who is very popular in the locker room, will provide depth at wide receiver and a boost in the punt and kickoff return games.
Hixon will likely compete with Ramses Barden and Jerrel Jernigan for the third wide receiver spot if Mario Manningham leaves via free agency. Manningham is one of now 20 unrestricted free agents on the team and the receiver is ready to capitalize on an impressive postseason and a big fourth-quarter Super Bowl performance.
Hixon has returned 48 punts for an 11.0-yard average and has scored a touchdown. He has 1,966 kickoff return yards and a touchdown as kick returner.
Hixon says he feels better now than he did at this point following his first knee surgery.
"I personally feel like I'm further along (than he was at the same stage after his first surgery) with the strength and the coordination, different things like that," Hixon said. "I feel real good. And that's what's kind of scary about it. It wasn't a point this time where I had a ton of pain or a ton of swelling."
"We're just fine-tuning things now," he added. "My goal when I get back is to be at full speed and show the training staff and everybody else I'm physically ready to play and ready for it for years to come."
The Giants are going to have to make some moves to get under the salary cap, such as restructuring contracts, and they have several free agents they want to bring back, including cornerback Terrell Thomas, middle linebacker Jonathan Goff and punter Steve Weatherford.
Ohm Youngmisuk covers the Giants for ESPNNewYork.com.