Akpeyi will also begin 2022 as the only player representing Kaizer Chiefs at this month's African Cup of Nations to be hosted in Cameroon.
The 35-year-old has been named in the Nigerian squad for the continental tournament beginning on Sunday and is expected to be back up to Maduka Okoye of Dutch club Sparta Rotterdam.
This season Akpeyi has fought his way from the back of the queue at Chiefs behind Itumeleng Khune, Bruce Bvuma and Brandon Petersen to ultimately stand in front as first choice with 12 appearances during which he has kept five clean sheets.
Since finding his way back against Marumo Gallants at the end of September, he has played all the games for Chiefs.
He is also the only keeper to play at least 10 league games in a row since his arrival at the club from Chippa United in January 2019.
Though still not a favourite among many who support the club his performances have made the difference in several matches and been worthy of him being offered a new contract.
Akpeyi’s current deal runs up at the end of June and the club has already engaged him over an extension.
Talks are believed to be at an advanced stage with all terms agreed with the only outstanding detail being for the goalkeeper to put pen to paper.
Akpeyi is expected to sign an extension on his return after participating in this month's Afcon after being the current holder of the first-choice goalkeeper jersey.
Akpeyi has kept clean sheets in 40% of the games that he has played for Chiefs since joining from Chippa United, earning the trust of Ernst Middendorp, Gavin Hunt and Stuart Baxter.