Rodgers has "agreed in principle [to] a new contract with Liverpool's owner, Fenway Sports Group, that is expected to tie him to Anfield until 2018" writes The Guardian's Andy Hunter.
The Northern Irishman joined the Reds two years ago, signing a three-year contract upon his appointment.
Reports suggest the new contract has been agreed upon and will be signed shortly after the final game of the season, at home to Newcastle United on Sunday.
The fact that Rodgers has taken Liverpool from eighth place upon his arrival to a guaranteed top-three finish in just his second season is clearly the main reason to reward the manager with a new deal.
Here are six more reasons why Rodgers deserves his new deal at Liverpool.