"By staying here I will become a better player and that way I can help Liverpool to be more successful," said Mascherano.
"It would also be fantastic to form a long-term partnership with Steve Gerrard - everyone knows he is one of the best midfield players in the world.
"I am calm and relaxed about it. From my point of view it is simple - I want to play for Liverpool, I want to sign a permanent deal.
"I have told Rafa Benitez this and he has told me he wants to keep me.
"I have had enough of travelling the world from club to club. I want roots, and I want them here in Liverpool. I don't want to move again next summer but if I do not sign for Liverpool then I will not play for another club in England. Not Manchester United, not Chelsea or Arsenal.
"If I am not with Liverpool I don't want to be in England. It would be impossible for me to play against them in the Premier League because of the respect I have for the club. I want to stay in England, but only with Liverpool.
"The club created an opportunity for me which I am grateful for so no other English club will come into my thoughts."