Xabi Alonso is set to announce his decision to stay at Bayern Leverkusen during their press conference later today, according to reports.
The 42-year-old will address the public at 2pm ahead of his side's Bundesliga clash with Hoffenheim on Saturday afternoon.
According to BILD, Alonso will announce his decision to stay with the German club - turning down Liverpool and Bayern Munich, who were both interested.
The news will come as a blow to Liverpool given the former Reds midfielder had been strongly linked with with replacing Jurgen Klopp at Anfield.