Irishman’s previous contract ran out next June.
Liverpool head coach Brendan Rodgers has put pen to paper on a new long-term contract with the Merseyside giants, according to reports on BBC Sport Online.
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The former Watford, Reading and Swansea City manager only moved to Anfield in the summer of 2012 to take over from former Reds boss Kenny Dalglish in the Liverpool dugout, with the Northern Irishman agreeing a three-year deal at the time.
However, after managing to guide the Premier League giants to a seventh-place finish in the top flight in his debut campaign in charge of the Reds, Rodgers then enjoyed a brilliant season last time out when he came desperately close to winning the title.
And despite Liverpool ultimately finishing just two points behind eventual champions Manchester City, the Merseysiders have now succeeded in making a return to the Uefa Champions League next season for the first time in five years under the 41-year-old’s guidance.
As a result, Liverpool’s American owners the Fenway Sports Group have rewarded Rodgers with a contract extension.
“I am both humbled and privileged to be offered the chance to extend my stay at this great club,” said Rodgers.
“I am very happy to build on the foundations we have built over the last two years,” said Rodgers, who has also managed Watford and Reading.
“Now we move onto the next phase which I believe will be as exciting, challenging and rewarding.”
Meanwhile, Liverpool principal owner John W Henry was also equally delighted with the news.
“We place our trust in Brendan to deliver the vision we share for Liverpool Football Club,” said Henry.
“Brendan is at the heart of what we, as an ownership group, are trying to achieve on the pitch.
“This season has reaffirmed everyone’s belief that we can bring football success to Liverpool and we are all committed to working together to achieve that.
“Players and supporters have made it clear how important Brendan is to our success and so to have him commit to us for the long term is a great boost for everyone.”