Shaqiri may not have kept Stoke in the top flight last season, but he was one of their standout players and has proven himself to be a force in the Premier League.
Shaqiri will become the club's third signing of the summer and will see Liverpool's spending for this window exceed £100 million after Fabinho and Naby Keïta officially joined on the 1st of July.
The Switzerland global had been on holiday after helping his country reach the last-16 of the World Cup but he broke off to complete a medical at Melwood on Friday.
Liverpool have completed the signing of Xherdan Shaqiri, the Merseyside club announced on Friday.
Sources told ESPN FC that Shaqiri had his heart set on move to Liverpool, for whom he had been a target since 2014.
"I'm very happy to be here".
Shaqiri will become the fourth Liverpool player in the Premier League era to wear the 23 shirt.
A deal for Nabil Fekir is still a while away from being completed although French journalist Löic Tanzi has claimed that talks will resume after Jean-Michel Aulas made a promise to his skipper that he will continue negotiations with Liverpool.
'As a player you always want to be on the biggest stage in football.
A transfer to Inter Milan followed in January 2015, but he quickly traded them for the Potters that August. I'm really happy that now I'm finally here. So I'm really glad and happy to be here.
"I want to improve myself too, I want to be with the best and I want to win titles".