Liverpool have announced they're staying at Anfield.

Liverpool have moved a step closer to redeveloping Anfield after formally confirming their preference is to remain at their existing home and not build a new stadium in Stanley Park.

Liverpool City Council have announced extensive plans for a regeneration of the Anfield area having secured a £25million grant with a housing association set to also invest heavily.

On the back of that the club plan to push ahead with proposals to extend and improve their only home since 1892.

"Today represents a huge step forward for the Anfield area. Everyone at the football club knows the importance of today," Ayre told reporters at a press conference at Liverpool Town Hall.

"We welcome the opportunity to be part of this partnership - we want to thank Joe Anderson (mayor of Liverpool) and the council for the time and the support they've given us to help make the right decision.

"LFC celebrated its 120th year in 2012 at Anfield and there is no doubt Anfield is the spiritual home of the club - our preference was always to remain at Anfield.

"This is a major step forward for the football club but more importantly the residents.

"This is step one as there is land to acquire, plans to be approved etc, but this is a significant moment.

"Questions about capacity and cost are not for today - not until we have certainty."