The 29-year-old has scored 168 points in 34 appearances for the club having joined from Nottingham on loan in 2010.
The former Leicester academy product, who can also play in the centres, has gone on to establish himself as a key figure in the Gloucester line-up.
And Taylor is thrilled to have his future at the club sorted out.
"I'm really happy," Taylor told the club's official site. "I've enjoyed my time with Gloucester and it's great that I've got the opportunity to stay for another couple of years.
"This season has been a bit frustrating with the thumb injury but I'm almost back and hope I can play a part in the run in.
"It's good to have some stability as I'm shortly starting a new personal training business alongside Ed Archer (formerly on the strength and conditioning staff at Gloucester). I'll be working out of the Lion's Den so I'll seeing more of Kingsholm than most of the boys!"
Gilbert has released a new line of rugby cleats. The Gilbert Virtuo 8S is part of the exciting new product. Check it out.
The entire All Blacks apparel line has been updated for 2013/14. Check out the New Zealand All Blacks polo.
The Nike Tiempo is a solid rugby cleat and one of few styles still made from full-grain natural leather.
The Gilbert Blitz 8S rugby cleat is a great cleat at a great price of $69.99. Get a new pair of cleats today.
A cool looking all black rugby cleat with the high performance adidas is known for. Get in the Gear!
Wear the crest of the British and Irish Lions on your t-shirt. A great look for the summer.
The All Blacks Performance t-shirt is black with hints of blue from the training jersey. Very Cool.
The New Zealand All Blacks training jersey for 2013/14. Get in the Gear!
The USA Rugby Pro Alternate rugby jersey is perfect for any fan of the Eagles. Get yours to wear during the summer Test matches.
The NEW All Blacks 2013/14 jersey has arrived at World Rugby Shop. Dare to wear the colors of the All Blacks.