By Wayne Veysey

13th Jan, 2016 | 1:47pm

Revealed: Liverpool seal £18.7million deal after terms agreed

By Editor Wayne Veysey| Former Evening Standard, Press Association and Goal chief correspondent with 17 years experience of breaking big stories, including exclusives like this

Follow me on Twitter @footyinsider247

Simon Mignolet has agreed the terms of a new £18.7million Liverpool contract, Football Insider sources understand.

The goalkeeper is set to commit to a deal that will lift his salary to £80,000-a-week and run until 2020.

Mignolet’s current £60,000-a-week agreement has two-and-a-half years left but the Merseysiders want to reward his No1 status.

A Liverpool source has told Football Insider that talks have been taking place for months about an extension and, as revealed last month, all parties are now confident that an agreement is now in place.

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Jurgen Klopp has been evasive on the subject of a new deal for the Belgium international but an announcement is set to be made imminently.

Mignolet, 27, has attracted criticism for several errors this season but Klopp has consistently backed the Belgium international and insisted he has no plans to move for a new No1 in the winter window.

For keeps: Klopp has sanctioned a new contract for No1 Simon Mignolet

Adam Bogdan has deputised for Mignolet on a few occasions but the former Bolton has made some glaring mistakes, most notably in the 2-2 draw at Exeter last Saturday and in the 3-0 defeat at Watford before Christmas.

Klopp took the surprise step of recalling youngster Danny Ward from his season-long loan at Aberdeen last week.

The Liverpool manager has distanced himself from links with the likes of Stoke’s Jack Butland and AC Milan’s Diego Lopez while describing Mignolet as one of the smartest goalkeepers he has worked with.

The Belgian a five-year contract when he arrived from Sunderland for £9million in 2013.