Raheem Sterling will sign a new contract to secure his long-term future at Liverpool. The deal will see the 19-year-old England forward paid £125,000 a week.

The club intend to tear up his existing £43,000-a-week deal and replace it with a five-year contract, bringing to an end speculation linking him with a host of European clubs including Paris Saint-Germain and Real Madrid.

Sterling’s advisors, Impact Sports Management, have been immersed in negotiations with Liverpool’s chief executive, Ian Ayre, and while neither side has been in a particular rush to push through an agreement, they both accept that the interest from other clubs is fuelling unwanted speculation.

Sterling’s decision to remain at Anfield for the foreseeable future will not come entirely as a surprise. Sterling has never intimated he was interested in leaving Liverpool despite being flattered by interest from rivals.

Liverpool manager Brendan Rodgers always maintained that Sterling would pledge his future to the club and laughed off claims there was any chance he could be lured away.

Asked if Sterling would stay, Rodgers said: “Yes. Absolutely adamant. His agent is good and he understands this is the perfect place for him.

“It’s not a big issue for us. Ian Ayre has spoken with his representatives and he is quite relaxed. The boy is happy here, there are no secondary thoughts about anything else other than continuing to play for Liverpool.

Sterling is currently with England in Estonia (GETTY IMAGES)