Jurgen Klopp has signed a new contract with Premier League leaders Liverpool until 2024.
"We decided to continue what worked. So far, not too bad," Klopp, who is ranked No. 1 among the world's top managers in ESPN's FC 100, said. "It will be good news for some, not so good for others. We love it here.
"It's a wonderful club. We really feel at home. I thought it's a good moment to continue at the club. It was not a difficult negotiation.
"For me personally this is a statement of intent, one which is built on my knowledge of what we as a partnership have achieved so far and what is still there for us to achieve."
The former Borussia Dortmund and Mainz boss, who led Liverpool to their sixth Champions League title in May, had previously signed a six-year contract with the Anfield club in 2016.
"We are absolutely delighted we have been able to reach an agreement with Jurgen -- as well as Peter and Pep -- on extending their time with the club," a Liverpool statement read.
"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 Jurgen. The decision also keeps with the club's overall strategy of building from a position of strength.
"It means Jurgen 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."
Happy Friday, Reds! 🤩🤩🤩 pic.twitter.com/7qUWOsszb6— Liverpool FC (@LFC) December 13, 2019
Klopp's assistants Peter Krawietz and Pep Lijnders have also signed new deals at the club.
Sources told ESPN in June that Klopp, who arrived in 2015, could take a year's sabbatical at the end of his Liverpool contract, which at that time ended in 2022.
Provided Klopp sees out the remainder of this deal, he would become the club's second longest serving manager since Bob Paisley.
Liverpool, who are on a club record 33-match unbeaten streak, are eight points clear of second-placed Leicester in the Premier League and booked their place in the Champions League knockout rounds earlier this week.
Later this month they will aim to win the Club World Cup for the first time.