Rodgers has repeatedly said Reina has a future at Anfield despite the arrival of Belgium international Mignolet from Sunderland.
And the Liverpool manager expects his two senior keepers top push each other to new levels of performance.
He said: "I always felt it was important for us to have competition right the way through the squad, and that includes the goalkeepers.
"I spoke to Pepe about this a few months back and told him we wanted to bring in another goalkeeper as real competition. I was very open with my goalkeepers and they know the situation.
"Pepe has been terrific here, Brad Jones was excellent when he stood in last year and I felt we needed another one.
"Simon comes in and we've got great competition and when you've got competition it pushes everyone to perform.
"We obviously lost a young goalkeeper in Peter Gulacsi so we needed three very capable goalkeepers.
"We've brought in Simon Mignolet, who's one of the top young goalkeepers in Europe - he's shown that at Sunderland over the last few years.
"He's got great stature and I think he was player of the season at Sunderland and I really think he can improve on that talent.
"He's part of the Belgian set-up and it's really their golden era of players so him coming here will hopefully increase his opportunities there also."