The Reds plan to hold talks with the Spanish keeper in January and make him the latest big name on a long-term deal.
Reina, 27, signed a five-year agreement only in the summer of 2007 in response to interest from former club Barcelona.
Now Anfield bosses want to lock him into a fresh contract, having done likewise to key men such as Fernando Torres, Steven Gerrard and Dirk Kuyt.
Tight purse strings mean any big-name signings in January are unlikely unless fresh investment is found, but the Reds are determined to splash cash to keep their prize assets.
Gerrard, Kuyt and Torres agreed deals last summer, keeping them for the next four years. Daniel Agger signed until 2014 at the start of the season, and Fabio Aurelio is also in line for new talks.
Reina will get a rise of over 50 per cent on top of his current £60,000 weekly pay.
That will see his current terms being torn up and replaced with a contract running until 2014.
Brazilian international Aurelio is also in line for fresh terms, stopping anyone from snapping him up on a free when his present deal runs out at the end of the season.
Highly-rated rookie Damien Plessis has also agreed an extension for a further 2½ years.
Dirk Kuyt?
For what???
Cos he is Rafa's god son... And if he goes to another club, I think he will also come back to take him away from Pool...
Liverpool are set to reward Pepe Reina's solid form between the sticks by offering him a new contract and a significant payrise, The Times reports.
Reina
- who joined Liverpool from Villarreal in the summer of 2005 for £6
million - has firmly establish himself as one of the leading
goalkeepers in the Premier League, winning the Golden Glove award for
most clean sheets in three of the past four seasons.
Still only
27, the Spanish shot-stopper's current deal does not run out till 2012,
yet the Reds are set to offer him a further two-year extension - and
improved salary - that will see him remain at the club until 2014.
It is also claimed that defender Fabio Aurelio is presently engaged in contract talks.
The
30-year-old Brazilian, though not a regular starter, is a highly rated
member of the squad, and Rafael Benitez - who has used his former
Valencia charge in a variety of roles in recent times - is keen for him
to stay.
Aurelio's contract is due to expire at the end of the season.
seriously biasness