Liverpool legend Mark Lawrenson believes Kenny Dalglish will remain in charge at Anfield after holding talks with owners Fenway Sports Group in Boston.
Uncertainty surrounds Dalglish's future at the club after he delivered a full report of the Reds' season to owner John W. Henry and chairman Tom Werner earlier this week.
Liverpool won the Carling Cup and reached the FA Cup final but slumped to eighth in the Premier League, 37 points behind champions Manchester City.
Nevertheless, BBC pundit Lawrenson expects Dalglish to remain as Liverpool manager, despite reports suggesting FSG were unsure the Scot was the right man to lead the club back into the Champions League.
"My gut feeling is that he'll be OK in terms of his job," the former Liverpool defender told BBC Sport.
"I'd be very surprised if he'd gone over to Boston and they said they didn't want him. This meeting was always scheduled.
"He has to give a written report on the way the season went. It was always going to be in Boston."
Lawrenson, who played alongside Dalglish at Anfield in the 1980s, remains adamant Liverpool's cup success has helped buy the manager more time but cautioned a big improvement is required next season.
"Maybe they had a conversation asking whether he wanted to continue managing or whether he wanted to go back upstairs where he was before," he said.
"I can't believe for the life of me that they would say, 'Thank you, but no thank you'.
"The league position was very poor indeed but two cup finals and one win has probably helped him."