Liverpool have announced via their official club website that club captain Steven Gerrard has signed a contract extension with the Anfield club that will keep him with the Merseysiders until the summer of 2015.
Gerrard is delighted with his new contract - he told LFC TV: "I think everyone knows what it means to me.
"I've been here that long and so to extend, it's a big day for me and I'm really happy for myself and my family. It's great news."
Gerrard who has been a member of Liverpool's first team set up since his breakthrough in 1998 under Gerard Houllier has made 630 appearances for the club contributing 159 goals in that period.
Gerrard who has suffered with injuries in recent times having made just 21 and 18 appearances in the two seasons before the 2012-2013 campaign has not played as significant a role as he would have liked.
However Brendan Rodgers was keen to utilise Gerrard in his preferred position in the middle of midfield on a regular basis last season - which led to the midfielder making 35 Premier League appearances.
We arguably saw the maturing of Gerrard last season with the midfielder adapting his game slightly to play at a slower tempo and dictate Liverpool's play from the heart of the midfield in a bid to prolong his playing career at the top level.
This change did not stop Gerrard from having an impact on Rodgers' side with the experienced midfielder contributing at vital times in the season with particular reference being made to a stunning volley scored against Manchester City near the end of last term.
Gerrard's transition into a deeper playmaker was evident last season in the number of assists Gerrard laid on for his Liverpool teammates with the experienced midfielder contributing nine league assists last year - which was the most he has contributed since the 2007-2008 campaign where he assisted 11 of Liverpool's Premier League goals.
Rodgers will no doubt be looking to Gerrard to continue to offer such creativity this season with an influx of relatively inexperienced forward players at Liverpool's disposal in the shape of Luis Alberto, Coutinho and Raheem Sterling.
Following the retirement of fellow club icon Jamie Carragher this summer, Liverpool supporters will no doubt be relieved to find they will not lose two iconic figures in too close a timeframe with Gerrard's Liverpool career lasting, fitness permitting, at least two more seasons.
Liverpool managing director Ian Ayre spoke of Gerrard's exceptional commitment to Liverpool and expressed his delight and the importance of the Liverpool skipper extending his career with the Reds.
He said: "It's fantastic for everyone - the club, Steven and the fans, he is and always has been such a big part of Liverpool Football Club."
Gerrard despite his transition to a deeper sitting playmaker for Liverpool, contributed nine goals from midfield last season which is always something he has had in his locker.
His goals will become even more important with the expected departure of Luis Suarez.
Ayre closed his statement to LFC TV by stating he believed Gerrard has effectively agreed to be at Liverpool until the end of his playing career: "We're pleased today to add an extension to his existing agreement and that keeps him here until the end of his career."
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