The manager has extended his Liverpool tenure until 2024, fortifying his role as manager till further four-and-a-half years.

Peter Krawietz and Pepijn Lijnders who are currently assistant coaches under Klopp have also extended their contracts till 2024.

Klopp as shown delight regarding the privacy maintained by the owners during his contract negotiations.

Jürgen took to Liverpool social media to make the statement official.

The German spent seven years at the helm of Mainz and Borussia Dortmund, but his stint at Anfield would total over eight-and-a-half years if he sees of his contract.

Liverpool’s on-pitch advancement continuing at a relentless pace to match their off-pitch mega moves – the construction of a new £50million training complex is the highlight.

While proposals for the redevelopment of the Anfield Road End making Anfield 61,000 seater is another but it is still in the planning stage as addition of 7000 seats more come with more city planning issues.

Statement from Liverpool owners read.

We are absolutely delighted we have been able to reach an agreement with Jürgen – as well as Peter and Pep – on extending their time with the club. As we are sure our supporters would agree, it is truly wonderful news and we are all extremely thrilled, not only professionally, but personally too.

We feel this represents one of the big moments of our stewardship of Liverpool Football Club so far as we believe there is no better manager than Jürgen. The decision also keeps with the club’s overall strategy of building from a position of strength.

It means Jürgen will oversee the ongoing transition from Melwood to the new Kirkby training base as the club continues to pursue a vision of being elite in all facets of the industry.

It also provides us with continuity with the existing football operations management structure, overseen by sporting director Michael Edwards, whose input into the project cannot be overestimated. He has been – and will continue to be – as indispensably important as anyone else to the direction of Liverpool Football Club. In Jürgen and Michael we are blessed with world-class leadership.

This is a collective partnership that has seen the club reach and then re-establish itself as an elite performer at home and abroad.

Back in 2015 we used the phrase ‘ideal fit’ when we appointed Jürgen. This continues to apply today and, if anything, the circumstances make it more pertinent. We consider him to be the best there is.

If Liverpool Football Club were looking to appoint the most outstanding, elite manager for our current status today, Jürgen would be the first choice – no question.

We believe this deal cements a relationship built on trust and mutual benefit: Jürgen has delivered for LFC and LFC has delivered for Jürgen.

Both parties have come to the conclusion that by continuing to work together and build on the work of the last four years, the opportunity exists to maximise each other’s potential.

This deal is set to make Klopp one of the highest-paid managers in Football. Please stay tuned for his contract details as everything apart from the tenure is a secret at the moment.

In non-contract news, Klopp has been named Premier League Manager of the Month for the third time this season.

He has guided Liverpool to maximum points in the month of November.