The Premier League champions are 5 points clear of Brighton and 7 points clear of Chelsea in the race to secure a place in the Champions League next season.
After missing out on the title, this is Liverpool’s clear goal for the remainder of the season as they beat Everton and Fulham in recent weeks to boost their chances.
Fifth place will secure Champions League football next season after Arsenal's progression to the semi-finals of the Champions League and as pressure grows on Slot, Carragher says this will be enough to keep the Dutchman safe from being sacked.
"Arne Slot's job has been spoken about all season. We've spoken about it a lot on Monday Night Football.
"There's probably a split in the Liverpool supporters over whether he should stay or go, but the noises I am hearing is Slot will be the Liverpool manager next season if they can secure Champions League qualification, which they look like doing right now."
Liverpool will look to further strengthen their Champions League hopes on Saturday afternoon when they return to action against Crystal Palace at Anfield where another 3 points are crucial for Slot and his side who will go trophyless this season.