Liverpool striker Robbie Fowler will sign a new one-year contract to stay at the Anfield club next week.
Benitez is delighted that Fowler is going to sign a new contract
The 30-year-old was on a short-term deal after joining on a free from Manchester City in January.
"I had been treating every game as though it could be my last for Liverpool," admitted Fowler.
"Now I've got the incentive of knowing I'll get more chances to wear the red shirt. I would love to be part of a Liverpool side that wins the title."
Manager Rafael Benitez added: "This is fantastic news. Robbie has done really well and he deserves this.
"He has scored vital goals for us and has worked really hard. I am delighted to have him with us for next season, he is an important member of our squad."
Fowler has bagged four goals for the Reds in 15 appearances since re-joining the club he began his career with.