Rodgers has led Swansea into the Premier League and has demonstrated that teams can survive in the league playing expansive football.
He said: “I spoke with the chairman today and we have agreed everything in principle. We just need to draft up the paperwork and be presented with it over the weekend. Then it will be signed and done and that will be fantastic.
“It was clear to me I wanted to be here. There was very little to discuss and I will be proud to move forward with the project. Ultimately my job is to make Swansea a sustainable Premier League club – that’s the challenge.”
