The Reds have played at the ground since 1892 and has hosted a number of epic football nights.
Currently at a capacity of 45,276, plans are set to extend both the Main Stand and the Anfield Road Stand, which would increase the seat numbers to an impressive 58,800.
The club owners, Fenway Sports Group, have made the task of enlarging the stadium one of their main priorities and have already went about purchasing local houses in the area on Lothair Road to make way for the work.
It was rumoured that Liverpool were looking at building a new stadium on the nearby area of Stanley Park when previous owners George Gillett and Tom Hicks were at the club and also looked at the possibility of ground-sharing with local rivals, Everton.
Liverpool FC's historic stadium Anfield is set for expansion after the blueprints have been cleared by Liverpool council planners prior to the vote next week, as reported by the Liverpool Echo, Fenway Sports Group - led by John W Henry - scrapped the idea completely and decided to extend Anfield much like they did to Boston Red Sox's Fenway Park.
The reasoning behind this idea was that it would still allow the epic memories that had take place at the club to still be at the heart of the club.
Anfield is a ground that is flooded with remembrances - both highs and lows.
It is famed for it's atmosphere, with players - both home and away - saying just how unreal the vocals of the Liverpool fans are.
The Kop is a stand known to every football fan across the world . It is where the majority of the noise and singing originates from on match-days along with the impressive flags paraded before kick-off.
Most recently, the atmosphere of the stadium persuaded Dejan Lovren to move from Southampton to the club after getting goosebumps when he played there for his former club last season.
Liverpool have had some unbelievable footballing occasions at the stadium that once belonged to Everton FC. The Reds have won all nineteen league titles playing at the ground, with the likes of Ian Rush, Kenny Dalglish and Alan Hanson become cult heroes on Merseyside.
Anfield is also a ground that has hosted some breathtaking European nights that will live in the clubs memory forever. Liverpool beating St Etienne 3-1 in 1977 in the quarter final is one remembered so well by many before the club went on the capture their first European title.
Victories over Olympiakos, Juventus and Chelsea in 2005 when Liverpool captured their fifth title are also on the same wavelength, much like the 4-0 thrashing of Real Madrid in 2009.
Memories of the Anfield pitch being flooded with flowers after the Hillsborough disaster in 1989 is also a stand-out to many when they think of the stadium.
You can see why and have to applaud the Liverpool owners for wanting to stay at Anfield. If Liverpool did switch grounds, you have to question if it would mean as much to both the fans and the players.