"Brian, [reserve team coach] Nigel Gibbs and [director of football] Nick Hammond have done an incredible job.
"The form speaks for itself. We'll make an announcement when we're ready."
McDermott took over from the departed Brendan Rodgers and has enjoyed early success by becoming the first manager to leading Reading to victory at Anfield.
The fallout for Liverpool is ongoing with calls for Rafa Benitez to be sacked and apolgies coming out from management and players alike. Reading really put the cat amongst the pigeons with that victory on Wednesday. It's great isn't it?