The 52-year-old joined Liverpool from Borussia Dortmund in October 2015 and has enjoyed plenty of success in his current role.
###
He won the Champions League with the Reds last season and his team is currently eight points clear at the top of the English Premier League as it bids for a first league title since 1990.
###
“For me personally this is a statement of intent, one which is built on my knowledge of what we as a partnership have achieved so far and what is still there for us to achieve,” Klopp told the club website.
###
“When I see the development of the club and the collaborative work that continues to take place, I feel my contribution can only grow.”
###
He added: “When the call came in autumn 2015, I felt we were perfect for each other; if anything, now I feel I underestimated that. It is only with a total belief that the collaboration remains totally complementary on both sides that I am able to make this commitment to 2024.
###
“If I didn’t I would not be re-signing. This club is in such a good place, I couldn’t contemplate leaving.”
###
Liverpool assistant managers Peter Krawietz and Pepijn Lijnders have also agreed to a contract extension.
###
READ: How UK soccer fans are helping tackle society’s ‘gaping wound’
###
READ: Mocked by some, but ‘green’ soccer club wants to save the world
###
Klopp has breathed new life into the club since his arrival and spent millions forming a formidable team boasting an array of world-class talent.
###
At the same time, he has also nurtured academy graduates such as Joe Gomez and Trent Alexander-Arnold into the first team.
###
Champions League finals and more
###
He has guided the club to two consecutive Champions League finals and Liverpool finished second behind Manchester City in the league last season. Liverpool tallied a whopping 97 points though City was one point better.
###
But barring a sizable blip, the title drought looks like it will end.
###
“We feel this represents one of the big moments of our stewardship of Liverpool Football Club so far as we believe there is no better manager than Jurgen [Klopp],” said owner John Henry, chairman Tom Werner and FSG president Mike Gordon, in a joint statement.
###
“The decision also keeps with the club’s overall strategy of building from a position of strength.
###
“It means Jurgen will oversee the ongoing transition from Melwood to the new Kirkby training base as the club continues to pursue a vision of being elite in all facets of the industry.”
###
Visit our football page for more news and videos
###
Liverpool still remains in all competitions this season and thus faces a congested fixture list over the festive period.
###
In particular, Klopp must prepare for two games in just 24 hours, with both the English League Cup quarterfinal and FIFA Club World Cup being played on different continents.
###
Liverpool next faces last-place Watford at home in the English Premier League on Saturday.
Click Here: liverpool mens jersey