Liverpool manager Jurgen Klopp has signed a four-year contract extension that will keep him at the club until 2022.
The deal signifies the huge commitments made by both parties, with the German at the helm for the foreseeable future at Anfield. When he initially joined the Reds in October 2015, Klopp made clear his intentions to revolutionise the club, and lead them into a new era of success.
He guided Liverpool to two cup finals last season, but could only watch on as his side were beaten by Manchester City on penalties in the League Cup at Wembley and then lost 3-1 to Sevilla in the Europa League in May.
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Despite early disappointment in the Anfield dugout, signs point towards Klopp building a dynasty on Merseyside, and the signing of a contract extension that carries him through until 2022 is just the first step.
Klopp's deal is the biggest in Liverpool's club history. His contract is worth up to a staggering £42 million over the next six years. No manager in the Reds' history has had such a luxury of money and security - not even Rafa Benitez, Bill Shankly or Kenny Dalglish, who are some of the side's most successful managers.
A deal as huge as this shows just how much belief the club have that Klopp is the man to lead Liverpool into the future. With the team's biggest rivals all bringing in new coaches for next season, it's no surprise the five-time European Champions want to tie their man down.
Manchester United have drafted in Jose Mourinho, while City have done the same with Pep Guardiola, and Chelsea have brought in Antonio Conte. All managers, that you could argue, will bring immediate success to their clubs. It's a short-sighted view, and one Liverpool perhaps didn't share.
So with the club fully on board with Klopp's six-year-plan, it's down to the German to deliver a revolution at Anfield.
He spent seven successful years with Borussia Dortmund, taking over in 2008 after seven years with another German side, Mainz 05. It's clear that Klopp will stick with his club through almost anything, he isn't a quitter, and he won't give up when the going gets tough.
During his time with Dortmund, he transformed a club that was more than happy to finish as a mid-table Bundesliga side, into one that was challenging for the domestic title as well as fighting for European honours.
He won back-to-back Bundesliga titles between 2010 and 2012, setting a German League points record during the second successful campaign, while doing the domestic league and cup double at the same time. A year later, he guided his team to the Champions League final, but it wasn't to be as Dortmund were beaten 2-1 by rivals Bayern Munich at Wembley.
Nonetheless, after seven successful years at Dortmund, Klopp moved on to new challenges in 2015, signing his contract with Liverpool in October that year.
The squad he inherited from Brendan Rodgers was not his own. He had limited time in January to make mid-season transfers, so did well to manage the team to two cup finals while finishing eighth in the league. They may have missed out on European football this time round, but next year will almost certainly be a different story.
Klopp made his intentions clear from very early on in the summer. He's been active in the transfer window, singing Sadio Mane, Loris Karius and Joel Matip already. But it's not just the incoming players that show the intent Klopp has to overhaul his squad.
He's already shipped off those he's deemed surplus to requirements at Anfield, with Jordan Rossiter, Jerome Sinclair and Kolo Toure all leaving the club. It's expected that veterans Martin Skrtel, Lucas Leiva and Jordan Ibe will soon be joining them.
They'll make way for more players to come, with Klopp preferring youth over experience. A number of names have been linked with the club, including former Dortmund midfielder Mario Gotze. There's no doubt that Liverpool fans would love to see him at the club, and the German golden boy would relish the chance of playing under his old manager again.
With a squad full of his own players, Klopp has the ability to guide Liverpool to domestic and European glory once again. But it may not be instant. It took him a few seasons to get settled with Dortmund before he was able to lead them to glory. There's no reason he can't do the same with Liverpool once he gets his team together.
Klopp's new contract is also perhaps a subplot in the bigger revolution that's happening on Merseyside. The club are midway through renovating the main stand at Anfield, increasing the stadium's capacity to just under 54,000 for the new season.
Increasing the size of the ground shows the direction Liverpool are heading, which is forwards, rather than back. They hope to have the stadium work completed in 2017, and by then Klopp will be well established at the club.
It appears that one of England's most successful clubs is striding towards a new era of prosperity after a few years away from the top. And they're doing it with Klopp at the helm. Liverpool see no reason why the German can't repeat his Dortmund success on Merseyside, and tying him to a contract that runs until 2022 may be the best piece of business they'll do this summer.