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Paul Merson said that Mohamed Salah and Virgil van Dijk staying at Liverpool is "unbelievable news" for the club.
Salah's extension was confirmed on Friday, while Van Dijk is also believed to be close to signing a new deal at Anfield.
Both players had been due to become free agents on June 30, and there had been concerns that they would leave the club along with Trent Alexander-Arnold, who is set to join Real Madrid on a free transfer.
Liverpool is expected to be busy in the summer transfer window as it is, and the prospect of having to replace Salah and Van Dijk as well was not an appealing one.
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"Mohamed Salah and Virgil van Dijk renewing their contracts is unbelievable news for Liverpool.
I don't mean that badly, he's the best passer in the country but Salah and Van Dijk are just more important.
'Fair play to both of them as well.
Salah and Van Dijk are staying put.
The length of Salah's contract was not disclosed in Liverpool's announcement but he is understood to have penned a two-year deal, which is also what Van Dijk is expected to sign.
Speaking to club media as his contract was announced, Salah said.