Liverpool are ready to tie down skipper Steven Gerrard to a new £30 million contract.

The News of the World says having secured manager Benitez on a new five-year £20m contract, owners Tom Hicks and George Gillett are determined to ensure their captain also stays.

The midfield star will be offered £140,000-a-week for the last two years of his current deal and then a two-year extension which will keep him at Anfield until at least 2013.

Despite interest from the rest of Europe, Gerrard has no intention of walking away from Anfield and Liverpool hope the improved terms for the 28-year-old will be signed as soon as May.