The German head coach led Liverpool FC to a fourth-placed finish in his first full campaign in charge of the Merseyside outfit back in 2016-17.
The Reds have managed to cope with the demands of Champions League football this season and remain on course for successive top-four finishes.
Liverpool FC broke their transfer record twice last summer following the signing of AS Roma winger Mohamed Salah before agreeing to a £48m deal for RB Leipzig midfielder Naby Keita.
The Merseyside outfit smashed their club record again in the 2018 January transfer window after Virgil van Dijk moved to Liverpool FC from Southampton in a £75m deal.
Klopp’s side are a long way behind Premier League champions Manchester City to highlight the size of the task facing the former Borussia Dortmund coach.
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