The England international joined the Reds in 2011 in a deal worth around £16m during Kenny Dalglish’s reign and has bounced back from being billed a big money flop by some sections of the Anfield crowd after a slow start.
Henderson was handed the vice-captaincy role over the summer following the sale of Daniel Agger and is considered to be one of Brendan Rodgers’ key men.
And the club are ready to reward him for his turnaround with a new deal as his current one enters its final 18 months.
Talks are well underway, and it’s understood that Liverpool have presented the midfielder with an offer, which will give him a significant rise on his current £65,000-per-week earnings.
The new contract is said to be a five-year one, which, if signed, would suggest that the 24-year-old is keen to commit his peak years to the Merseysiders.
Liverpool are also plotting to tie Raheem Sterling and Steven Gerrard down to new deals in the coming weeks, while Glen Johnson looks set to leave on a free transfer amid speculation that he’s rejected a 50% pay-cut.