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As reported by Sky Sports, Liverpool and Alex Oxlade-Chamberlain are close to agreeing a new 12-month extension to the midfielder's current contract which still has three more years left to run on it.

The England international signed for the Reds in a £35m deal from Arsenal in the summer of 2017, but saw an impressive debut campaign at Anfield cut short by a serious knee injury suffered against Roma in the semi-finals of the Champions League.

It was an injury that ruled him out for almost the entirety of his second season as a Liverpool player, making his comeback in a 5-0 win over Huddersfield towards the end of the campaign - he was an unused substitute in the Champions League final against Tottenham.

You can relive Liverpool's Champions League celebrations in glorious 2D thanks to the guys at 442oons in the video below...

Given the fact that he missed a year out injured, it seems that the Merseysiders are keen to offer him that year back in the form of a contract extension.

Are Liverpool right to make this decision? Let's see what the writers of Football FanCast have to say...

Matt Dawson

"Liverpool would be getting things absolutely spot on by offering Alex Oxlade-Chamberlain a new deal. For me, he's the missing piece of the jigsaw for a title challenge. Their midfield arguably still has some work to do in order to match Manchester City's but Oxlade-Chamberlain would certainly help them get closer to their level. On his day he's a frightening player and he showed that before his terrible injury in 2018. This is a player who can prove crucial for Liverpool going forward."

Charles Jones

"Alex Oxlade-Chamberlain seemed to be coming into his own in the midfield before being struck down by injury. We don't know how well he has recovered from that, but we should know by now to trust Jurgen Klopp and his team's judgement. The Ox could easily be a key man for Liverpool again next season if he gets back to his best."

Luke Glanville

"In my opinion, Alex Oxlade-Chamberlain is a tricky one. There's very little doubting the player's world-class ability when fit but that's the issue, he finds it incredibly hard to avoid the treatment table. If Jurgen Klopp is confident that his medical team can keep the 25-year-old fit, then by all means extend his contract. However, if he's not then it's a risk. Oxlade-Chamberlain is contracted until 2022 anyway so maybe it would be a better move to wait a year or two before making this decision."