The successful coach has ended all speculation about his future by signing a two-year extension to his previous deal
The 46-year-old's previous deal with the Bundesliga giants was due to expire in June 2016 and a number of clubs were closely monitoring Klopp's situation at BVB.
However, he has now ended all speculation about his future by signing for two additional seasons.
"It's an honour that some big clubs rate my work at Dortmund, but I'm not the type of person who wonders whether the grass is greener elsewhere," Klopp commented on his renewal.
"It's important to be at the right place at the right time and Dortmund is the right place for me.
"I will tell interested teams the same that I would have told them before: 'It's flattering if there's interest, but I have a contract with Dortmund until 2018 and I tend to fulfil contracts, even if that's surprising to some people. So thank you, but no chance.'"
Klopp joined Dortmund from Mainz in the summer of 2008 and has since guided them to two Bundesliga titles, one DFB-Pokal win and the Champions League final.