Liverpool captain Steven Gerrard says he is delighted that the club will look to revamp Anfield instead of moving to a new stadium, hailing the "fantastic" decision.
The Reds announced today that they are no longer looking into the possibility of a new stadium after years of planning and consultation, which included the 60,000-seater venue named 'The Stanley Park Stadium'.
The club's hierarchy have now decided to redevelop their current home, Anfield, where they have been based at since 1892.
And 32-year-old Gerrard, who came through the team's academy in 1998 to become one of their greatest ever players, is very pleased with the decision.
"I'm really pleased. I've had some special occasions at Anfield and so have the club," he told reporters.
"If they are going to spend all that money on Anfield and improve it then fantastic. I'm very happy at that news."
Gerrard, a lifelong Liverpool supporter, admits that after the constant delays and uncertainty over where Liverpool would play in the future, it was a relief for a decision to be made.
He added: "It is major news for the club. It has been on everyone's lips for a number of years now, would we move away from Anfield or reinvent Anfield?
"I've been like everyone, waiting for the verdict on that, and it looks like it is going to be Anfield which is great.
"A lot of history and important things have happened at Anfield and I think it is fantastic Liverpool are staying there."