The new deal will keep the 19-year-old at the club until 2013.
“I’m really excited about my new deal. It’s a good club,” he told Sky Sports. “The boss is happy with my progress this season.
“He’s given me my chance and hopefully I’ll get more chances in the future. I’ve got to keep working hard in training and impressing that way.
“If there’s injuries like that time I can be given even more of a chance. Overall I’m looking to get more first-team experience.”
Eccleston has been linked with a loan move to the Championship.
“If it’s the case that I might not be looking to play more games for Liverpool then another option is to go out on loan,” he continued.
“I’m still a young player and I need to gain experience in games.
“If I’m to break into Liverpool’s first team I need to have been in the Championship to gain experience. It’s a good level of football.
“If I can show that I can succeed in the Championship then I can come back and be more able to play with the first-teamers.”