Klopp has three seasons left on his £7m-a-year deal but Liverpool’s owners will look to improve and potentially extend his terms, says the Daily Mail.
Fenway Sports Group are ready to offer the 51-year-old German a salary of £10m.
Hundreds of thousands of fans lined the city’s streets as Klopp’s squad paraded the European Cup after returning from their 2-0 win over Tottenham in the Champions League final in Madrid.
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