Liverpool's principal owner John W Henry has confirmed the club has not yet offered a new contract to manager Kenny Dalglish.
The Reds legend stepped into the managerial hot-seat at Anfield to replace Roy Hodgson in January, initially agreeing a deal until the end of the season.
Dalglish's tenure thus far has been a successful one and reports had suggested a two-year deal was already in place.
But Henry denies an agreement has been reached, insisting talks have yet to begin - although he has intimated the club's owners are ready to enter into talks over a long-term contract.
"The only discussion we've had has been with Kenny and that was solely concerning when we should begin discussions," Henry told the Daily Telegraph.
"I wouldn't anticipate any further comments until such discussions have commenced and we have something to announce.
"Any reports until then are purely speculation."
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