The young midfielder had featured prominently under former Reds boss Kenny Daglish, and looks set to become part of the former Swansea boss' first-team plans.
Rodgers told reporters: "He’s a player who has come through the system here, and I’ve known him since he was a young player, he has great qualities, and a player who has the soul of the club in his heart."
Spearing described his joy at playing for the club he grew up supporting and has declared his intent to stake his claim in the first team.
"I’m at a club which is world wide, I don’t think there are many players who are going say I don’t want to come to Liverpool," Spearing added.
|28/1||Liverpool are 28/1 with bet365 to win the Premier League|
"Being a local lad I’m lucky enough to play for the team I've always supported.
"New players will come in, some after the summer or in the January transfer window, I have to stake my claim and show the manager that he doesn’t have to go and buy players in my position."
The 23-year-old believes the change of manager is a new start for the club and every player will have to work hard to impress the new boss and earn their spot in the team.
"Any player has to prove themselves," he insisted. "All [the players] have to knuckle down and show the new manager exactly what they’re capable of doing and fight for their place.
"It's a new start, with a new manager and a new way of playing, all the players are looking forward to the start of the games."