Kolo considers Liverpool future

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It is understood the defender is keen to stay at Anfield but had been hoping to secure a two-year deal.

The 33-year-old announced his retirement from international football after Ivory Coast’s successful campaign in the 2015 Africa Cup of Nations in order to prolong his club career.

Toure told the Liverpool Echo he is hoping to enter management when his playing days are over but Sky sources suggest he is hoping to put off hanging up his boots until the end of the 2016/2017 campaign.

The former Arsenal and Manchester City centre-back said: “It is an ambition of mine to be a manager.

“I am doing my UEFA B badge right now but it takes time. I am focused on my game because I want to stay playing football for a few years.

“As an African, we need to have more African coaches because we need to take that responsibility.

“When you play at this level for big clubs you need to show that. Where? Maybe here, maybe back in Africa but I need to do something in football because that is what I love.

“I’ve learned so much from all the managers I’ve worked with over the course of my career. They’ve all said they thought I’d be a manager one day.”

Toure, who won Premier League titles with both Arsenal and City, joined Liverpool on a free transfer from the latter in May 2013.