Liverpool have confirmed that 25 year old Uruguayan striker Luis Suarez has extended his contract, thus putting an end to speculation surrounding the player's future and rumours of transfers to Italian champions Juventus. The Sun reports Suarez has signed a four year deal worth £120,000 per week. The terms of the new deal means the controversial forward will be expected to remain at Anfield till 2016 and is now one of the club's top earners.

"To sign a new contract with Liverpool is unbelievable for me because I am so happy here at both the club and also in the city. That is important for me and I am very happy with my new contract," Suarez told Liverpool's official Web site.

"When you are a kid, everybody wants to play for Liverpool. I am here now and it is a dream for me, and now I am a Liverpool fan. I am happy off the pitch because the people of Liverpool are good with me and my family. I try my best on the pitch and when you are happy off the pitch, you are happy on the pitch," he added.

Luis Suarez
Luis Suarez signs new contract with Liverpool

The striker was linked with a move away from the Premier League repeatedly in recent weeks, particularly after he was found guilty of racially abusing Manchester United defender Patrice Evra and declared himself unhappy at being booed by Great Britain supporters when Team GB played Uruguay in a group stage game in the men's football event for the 2012 London Olympics.

However, controversies aside, the Uruguayan is still regarded as one of the best strikers in the Premier League and new Liverpool boss Brendan Rodgers will be relieved he can count on his goals in his first season in charge.

"I'm delighted. There were a few clubs interested in him but he's committed himself for the long term here now," said Rodgers, according to a report.

Agger Will Cost You, Warn the Reds

Meanwhile, Liverpool will reportedly not accept anything less than £25m for Danish centre back Daniel Agger, a report on ESPN states. The Daily Mail suggests Agger may be a surprise target for league champions Manchester City.

The defender has two years left on his Anfield contract and given his solid performances through last season and at the 2012 European Championships, it is unlikely Rodgers will want to part with his player for anything less than a sizeable chunk of money. Reports suggest Rodgers could be willing to talk for £20m.