After giving a short overview of previous results on constraining of Extended Gravity by stellar orbits, we discuss the Schwarzschild orbital precession of S2 star assuming the congruence with predictions of General Relativity (GR). At the moment, the S2 star trajectory is remarkably fitted with the first post-Newtonian approximation of GR. In particular, both Keck and VLT (GRAVITY) teams declared that the gravitational redshift near its pericenter passage for the S2 star orbit corresponds to theoretical estimates found with the first post-Newtonian (pN) approximation. In 2020, the GRAVITY Collaboration detected the orbital precession of the S2 star around the supermassive black hole (SMBH) at the Galactic Center and showed that it is close to the GR prediction. Based on this observational fact, we evaluated parameters of the Extended Gravity theories with the Schwarzschild precession of the S2 star. Using the mentioned method, we estimate the orbital precession angles for some Extended Gravity models including power-law f(R), general Yukawa-like corrections, scalar–tensor gravity, and non-local gravity theories formulated in both metric and Palatini formalism. In this consideration, we assume that a gravitational field is spherically symmetric, therefore, alternative theories of gravity could be described only with a few parameters. Specifically, considering the orbital precession, we estimate the range of parameters of these Extended Gravity models for which the orbital precession is like in GR. Then we compare these results with our previous results, which were obtained by fitting the simulated orbits of S2 star to its observed astrometric positions. In case of power-law f(R), generic Yukawa-like correction, scalar–tensor gravity and non-local gravity theories, we were able to obtain a prograde orbital precession, like in GR. According to these results, the method is a useful tool to evaluate parameters of the gravitational potential at the Galactic Center.