Roy Hodgson today praised Steven Gerrard's commitment to Liverpool Football Club and admitted that he can't wait to start working with the Reds skipper.
"It's a great piece of news," Hodgson told LFC TV at the club's Swiss training camp. "There won't be anyone in Liverpool today who isn't delighted to hear that.
"I'm really pleased about it because I've got great respect for Steven Gerrard.
"He's a player who I was really looking forward to working with when I came to Liverpool. It seems now with that commitment that this will happen.
"It gives everyone a boost without question.
"It will be a tough season, with a lot of matches and the disappointment of last season is going to take a while to dissipate, but it is very good that our best player is still going to be playing at this club.
"Hopefully with the signing of Joe Cole - and if we are lucky one or two others, to boost the squad - we will be going into this season's competition, maybe stronger on paper than we were last season."
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