Jamie Carragher has signed a two-year contract extension that will keep him at Liverpool until summer 2013.
The long-serving defender would have been out of contract at the end of the current season but has now put pen to paper on a new deal which will effectively keep him at Anfield for the remainder of his career.
The 32-year-old has made almost 650 first-team appearances for the Reds since making his debut in 1997.
Carragher, who hails from Bootle on Merseyside, has won two FA Cups, two League Cups, a UEFA Cup and the Champions League title during his time in the Anfield first team.
News of Carragher's new contract is a timely boost for the Reds ahead of a massive Merseyside derby clash with Everton on Sunday.
Both clubs are languishing in the bottom four of the Premier League table following disappointing starts to the season.
Meanwhile, the saga surrounding ownership of the club continues to rumble on with current co-owners Tom Hicks and George Gillett attempting to block the sale to the owners of the Boston Red Sox.
Speaking about the derby – his first in charge – manager Roy Hodgson told the club's official website:"I am looking forward to it. It would've been nice if we could have been in a better position though.
"I'm sure my colleague David (Moyes) would be saying the same thing. It's a bit unusual to see a derby with both teams down there but I'm pretty sure we'll see both teams in a better position for the next one.
"I suppose there is extra importance because both of us are desperately in need of points – but it would be nice if we could get them."