Jurgen Klopp 'initiated the talks with the Liverpool hierarchy that led to his contract being extended through until 2026' - with the German manager 'not receiving a pay rise' under his new deal.
The 54-year-old, who arrived at Anfield in 2015, had previously suggested he would leave when his previous contract expired in the summer of 2024.
But Liverpool announced on Thursday that Klopp and his backroom team had signed two-year extensions.
With the club chasing a historic quadruple of trophies in the closing weeks of the season, owner John W Henry and Fenway Sports Group didn't wish to distract Klopp and planned to discuss his future in the autumn.