Liverpool have been handed a sizable boost with the news that manager Brendan Rodgers has agreed a new deal with the club.
As reported by The Daily Mail, Rodgers - who is yet to formally sign the extension but could do so before the end of the season - has agreed terms to remain on Merseyside until 2018.
Such a deal is supposedly worth a total of £12 million - a price that clearly shows how important Rodgers has become to Liverpool's fortunes in recent times.
Having enjoyed a strong start to his managerial career with Watford, former Reading and Chelsea youth coach Rodgers - whose six-month stint in the top job at the Madejski Stadium proved somewhat disastrous - demonstrated his considerable worth during a hugely-successful two-year stint with Swansea City between 2010-12.
Joining Liverpool following the departure of club legend Kenny Dalglish, Rodgers' first season at Anfield was encouraging as the Reds improved on the previous year's showing to finish seventh.
While Rodgers' first campaign at the helm of one of English football's most reputable clubs was impressive, his second has been nothing short of miraculous.
With many expecting nothing more from his team than a spirited fight for Champions League qualification, Rodgers has guided Liverpool to the very top of the Premier League and has them competing for their first-top flight title in almost 25 years.
Unfortunately, Monday's 3-3 draw with Crystal Palace - made all the more devastating by the fact that Liverpool had initially led 3-0 - may have just put paid to those title hopes. However, such a result should not mask the significant progress the club have made under Rodgers' watch.
With a new deal seemingly in place, the next task will be for Rodgers to further prove his nous in the transfer market this summer to ensure that Liverpool do not look out of place upon their return to European football's elite.
Keeping hold of Luis Suarez may also prove to be a difficult challenge, with the controversial Uruguayan and newly-crowned PFA Player's Player of the Year having enjoyed a tremendous individual campaign.