Liverpool boss Brendan Rodgers has warned Raheem Sterling that he would be "very foolish" not to sign a new deal.
The 17-year-old winger has broken into the side this season, starting 13 games and earning his first England cap.
Liverpool are desperate for Sterling to sign a new contract at Anfield, although talks are still ongoing.
"It's important for the club to sign our young talent - but it's even more important for Raheem," Rodgers told reporters. "If you are 17 and playing regularly, you would be very foolish not to commit yourself very quickly.
"This is a club that is going to give young players an opportunity and he has played more games than he could have dreamed of this season, both in the Premier League and the Europa League.
"Liverpool have given him the chance to become a full international player. If I was Raheem Sterling and his agents, I would look to tie it up very quickly."
Sterling joined Liverpool in 2010 from Queens Park Rangers.
