In 12 games this season, Nicolas recorded nine sacks, 17.5 tackles for loss and 63 total tackles. He earned second-team All-ACC honors.
The 6-foot-4, 231-pound redshirt junior had reportedly submitted his name to the NFL Draft advisory board.
"Looking forward to coming back to school next year to accomplish all the goals I have set for myself and becoming the man God wants me to be & the team goals that my teammates and I desire to fulfill," Nicolas tweeted.
Virginia Tech is expected to return most of its key contributors along the defensive line next season. This season the Hokies (6-6) ranked first in the ACC in sacks and second in tackles for loss.
Virginia Tech will face Cincinnati (9-3) in the Military Bowl on Saturday.