The England international was claimed to nearing a four-year, £150,000-a-week deal that would ensure parity with Philippe Coutinho as the Reds’ highest-earning player.
But with Lallana due to put pen to paper on an extension with the club, the details of his contract are markedly different, according to widespread reports.
Instead, the 28-year-old is believed to be set to earn £110,000 a week on a three-year deal, with the option to extend those terms by a further year.
This initial agreement would keep him at the club until just after his 32nd birthday, with his salary more in line with a player of his age.
Tying Lallana down to a more lengthy, more lucrative contract would have been a misstep by Liverpool, due to the indeterminate nature of the influence of ageing players.
But now, particularly with a clause that could keep him on Merseyside for another season, Jurgen Klopp is able to manage his impact more carefully.
An announcement of Lallana’s new deal is expected within the next 24 hours, in the third in what is due to be a series of extended contracts for Liverpool‘s key players.
Along with Coutinho, Joe Gomez also signed a new five-year contract with the club back in January.