Skysports.com reports that Skrtel made the decision because he knows he would be hard pressed to find a bigger club to move to.
Skrtel didn't exactly cover himself in glory on Saturday when he gave away a penalty in the loss to West Brom, but he has been a good servant to the Merseyside club.
Skrtel went on to say (via Liverpoolfc.com):
After last season there was a lot of talk about my future but I have to say that the first priority for me was always to sign a new deal with Liverpool.For me it's a great thing to play for Liverpool. I am proud to play for Liverpool with these great players—probably some of the best players in the world. I hope I can create history at this club and that the fans will always remember me—that's my target for the future.
Skrtel clearly has the right attitude and he seems genuinely impressed by the coaching philosophy that Brendan Rodgers has instilled thus far.
Liverpool are known as a defensively solid team and Skrtel sees no reason for why he can't shine even more (via Liverpoolfc.com):
You can always play better. I can say the last two seasons were really good for me—probably the best two seasons of my career. If I can repeat the performances of the last two years this season I can be happy.
Skrtel was previously linked to Manchester City and had said that staying wasn't guaranteed so this is a nice start to a new week for Liverpool.