Express Sport understands the England international will pocket £120,000 a week on his new contract after committing his future to the Merseyside outfit.
Jurgen Klopp is keen to use the winger as part of his plans going forward and Lallana's new deal follows Philippe Coutinho and Joe Gomez signing new contracts earlier this week.
Adam Lallana has agreed a new four-year deal with Liverpool
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Rooney is thought to be open to the idea of a big-money move to the Far East in the summer after falling out of favour with Jose Mourinho.
And according to The Mirror, the Red Devils won't stand in his way if he wants a move with Mourinho and the club's hierarchy giving their seal of approval.
Rooney currently earns £300,000 a week, but could pocket over £650,000 in China.
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Antonio Conte is keen to bolster his defensive line and the 23-year-old is on his wish list.
Italian publication Calcio Mercato claim Juventus already have a verbal agreement in place for his transfer.
But the report suggests the Blues are ready to hijack a move and will attempt to land him in the summer.
Arsenal reportedly rejected the chance to sign Sadio Mane
The Senegalese international moved to Red Bull Salzburg in 2011 after spending one season at Ligue 2 side Metz.
And according to Mady Toure, who established the Generation Foot academy in Senegal where Mane trained, Arsenal's scout Gilles Grimandi rejected the chance to sign him.
Toure claims Grimandi told him: “He replied that he was insufficient…like others.”