What happened: Transfer reporter Fabrizio Romano says Loris Karius and Schalke 04 have reached an agreement on a new contract. The deal keeps the former Liverpool goalkeeper at the club on increased wages. No additional terms were disclosed in the report.

Why it matters: Securing the agreement gives the newly promoted Schalke 04 goalkeeping continuity heading into the new campaign. Retaining an experienced keeper with top-level pedigree adds depth as the club prepares for a step up in competition.

What to watch: Watch for official confirmation from Schalke 04 on the contract length and Karius's role in the goalkeeping rotation next season.