The 46-year-old's previous deal with the Bundesliga giants was due to expire in June 2016 and a number of clubs were supposedly closely monitoring Klopp's situation at BVB.
However, he has now ended all speculation about his future by signing for two additional seasons.
It's an honour that some big clubs rate my work at Dortmund, but I'm not the type of person who wonders whether the grass is greener elsewhere. It's important to be at the right place at the right time and Dortmund is the right place for me," Klopp commented on his renewal.
