The Reds are keen to make the Spaniard the latest big name on a long-term deal at the club, according to The Sun.
The 27-year-old signed a five-year deal only in the summer of 2007, but Liverpool are now ready to offer him a new five-year deal.
Reina will get a hefty 50 per cent pay hike on top of his current £60,000-a-week deal.
