Martin Skrtel's agent has confirmed he plans to hold talks with Liverpool over the defender's future, reports Sky Sports.
The 27-year-old was recently named the Reds' Player of the Season for 2011-12, having been one of the club's leading lights in a disappointing campaign.
Kenny Dalglish's men won the Carling Cup in February, but lost out to Chelsea in the FA Cup final earlier this month, and endured a poor showing in the Premier League, where they finished eighth - below Merseyside rivals Everton.
After Liverpool failed to qualify for the Champions League for a third consecutive season, Skrtel is now reportedly considering his long-term future at Anfield.
The centre-half still has two years to run on his existing contract, but his representative, Karol Csonto, has revealed that negotiations will be held in due course.
"You cannot say Liverpool won't play in the Champions League," Csonto told The Independent. "It is a big club and because they haven't made it this year doesn't mean they would not next.
"There are expectations on both sides, though. Some changes have been made at the club and the player wants to know what the aims and ambitions are. We want to discuss with Liverpool what they want and, of course, we will discuss the issue of Martin's new contract."
Skrtel has established himself as a mainstay in the Reds defence, and has built a solid partnership alongside Daniel Agger at the heart of the club's back line.