Liverpool are keen to tie Jurgen Klopp down to an extended contract after the club's Champions League triumph.
Up to 750,000 fans welcomed the Liverpool manager - whose deal ends in 2022 - and his players home on Sunday after the 2-0 win over Spurs in Madrid.
Klopp, 51, also oversaw a league campaign in which Liverpool lost only once to finish second on 97 points.
"Jurgen is a brilliant coach but just as importantly he is a humble and caring man," said chairman Tom Werner.
"When the players threw Jurgen in the air after our victory, they were acknowledging what all Liverpool fans know - he is beloved by all who appreciate football."
It is their first major trophy since Klopp arrived at Anfield in 2015 and the manager said he was amazed by the turnout for their victory parade.
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