The Spaniard has 18 months left of his current deal, but negotiations with club co-owners George Gillett and Tom Hicks will start next week.
“I want the contract done quickly, because the team is playing well,” said Benitez. “I do not want to be talking about this for weeks and months.
“The team is very strong – you can see the progress. There is a new stadium soon, and I want to be part of the future of Liverpool.”
“The length of the contract is important to me,” Benitez added. “We have been improving the squad for five years – so clearly we know that in the future we can be contenders and we can win more trophies.”
He continued on a potential five-year contract: “That would be very good.
“We will have to see, but I would like to be here for a very long time.
“We must do it quickly. Next week there will be meetings, and I hope it can be sorted soon – certainly not too long.
“I do not want to keep talking about my contract. It is not good for the team and it is not good for the club. We are in a good position that could be good for the future.
“I would like to see it signed before the end of the month. The owners have to talk to my agent about the conditions of the deal, but clearly the length of the contract is crucial.
“Stability is the key to winning trophies and being contenders for the title.”