Rafael Benitez's contract saga came to an end this evening when the Spaniard signed a new deal with Liverpool that will run until 2014. The former Valencia boss, who led the Reds to Champions League glory in 2005, has been in talks with the club's American co-owners for much of the season.
However, a deal has finally been reached and Benitez told the club's official website this evening: "My heart is with Liverpool Football Club, so I'm delighted to sign this new deal.
"I love the club, the fans and the city and with a club like this and supporters like this, I could never say no to staying.
"I always made clear I wanted to be here for a long time and when I complete my new contract it will mean I have spent over a decade in Liverpool."
Benitez added: "The club is greatly respected around the world due to its incredible history and tremendous heritage. It is my aim to uphold those values and help create a new chapter in our history.
"Throughout this process, I would like to thank the owners for their hard work in finalising the deal. All of us at the club want the same thing, which is to be successful by winning major trophies."
Co-chairman Tom Hicks said: "It is wonderful news that Rafa has made a long-term commitment to the football club.
"Since he became manager in 2004, he has been responsible for the great progress we have made. I know he will continue to build on his achievements as he has a tremendous hunger and desire to bring more success to the club - success our fans and everyone connected with the club deserves."
Co-chairman George Gillett added: "With Rafa continuing to manage the team, we can look forward to more great football and success on the pitch.
"He has special abilities and qualities which are admired here at the club and around the world. Coming after our excellent wins over Real Madrid and Manchester United, this gives us great momentum going into the final stages of the season."
The news does, indeed, cap a great week for the man who has managed the club since 2004.
Last week his side beat Real 4-0 at Anfield to complete a remarkable 5-0 aggregate win over his boyhood club in the Champions League, while on Saturday his team managed to keep the Premier League title race alive with a 4-1 win over defending champions United.
Benitez has led Liverpool to two Champions League finals against AC Milan, in 2005 and 2007, and an FA Cup win in 2006.
He has also won the Uefa Super Cup and the Community Shield.
