The 34-year-old former Ivory Coast international is keen to finish his career in England and wants to stay on Merseyside.
Toure is confident of sorting out a new 12-month deal, saying: “I think the situation will be resolved soon. We are talking.
“There are few things more but we will see. Liverpool is a great club for me to stay at. Liverpool is going to be massive.
“I love Premier League football and I played all my years here. If I can finish here (Liverpool) it would be great.
“My kids go to school here and they are half-English and that is important as well.
“I play for Liverpool right now and I am very happy and if it was to carry on, I’d be more than happy.”
As for their 6-1 defeat at Stoke on Sunday, he added: “It is not a great finish to the season and it is difficult to find words at the end of that.
“We were expecting a better result for Liverpool and Stevie (Gerrard) as well for what he has done. We wanted to do better for him.???