Redknapp had been favourite to take over from Sam Allardyce as manager for Newcastle.
He said: “I’m happy, I’ve got a great relationship with the fans and the owner.
“To walk away having brought them here wouldn’t be right. It was a great offer.
“To be offered the chance to go and manage a fantastic club like Newcastle was a terrific opportunity, but it wouldn’t have been the right thing to do.”
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.