The Reds have been long-time admirers of the Switzerland global, who underwent a medical earlier today before putting pen to paper on a five-year deal which will keep him at Anfield until 2023.
The article claims that Klopp has identified Shaqiri as a top target this summer as he wants to have him as back up for Liverpool FC's front three of Sadio Mane, Mohamed Salah and Roberto Firmino.
Shaqiri has been on holiday following Switzerland's elimination from the World Cup but is set to join up with his new team-mates for pre-season training next week.
"I'm very happy to be here".
Shaqiri will hope to succeed at Liverpool, having struggled at other big clubs, such as Bayern Munich and Inter.
"He has speed and ability, has the right amount of arrogance on the football pitch, real bravery to want the ball and influence things". I'm really happy that now I'm finally here.
Shaqiri will become the fourth Liverpool player in the Premier League era to wear the 23 shirt.