The winger impressed for Switzerland at the 2018 World Cup, including scoring the victor against Serbia in the group stage.
Speaking after the announcement of the signing, Klopp described the move for the winger as a "no-brainer" for Liverpool.
But it looks like Liverpool have finally got their hands on another attacker and as long as there are no late complications, Shaqiri will become Klopp's third summer signing following the arrivals of Naby Keita and Fabinho.
The 26-year-old scored eight goals and made seven assists in 36 Premier League games for the Potters last season but could not prevent them from dropping down to the Championship.
For Jürgen Klopp, another World Cup global is added to his squad, 26-year-old Shaqiri moving to Anfield to compete with the renowned attacking trio of Mohamed Salah, Roberto Firmino and Sadio Mané.
SA's Kevin Anderson foils John Isner to reach maiden Wimbledon final
Anderson had break points in the 15th, 21st and 35th games of the decider before taking victory when a tired Isner hit long. John Isner laid his aces on the table but found a way into the Wimbledon semi-finals by breaking the Milos Raonic serve.
Today, Liverpool are set to sign Man Utd target Xherdan Shaqiri... "When someone like him becomes available in this way you have to react if you are smart - and we have", Klopp told Liverpoolfc.com. To play for us these are mandatory requirements.
Shaqiri is believed to be keen on a move to Anfield but could be offered the chance to return to Italy.
"He has speed and ability, has the right amount of arrogance on the football pitch, real bravery to want the ball and influence things".
The former Basel winger was once one of the most coveted wingers in Europe, but previous stints at some of Europe's biggest clubs did not go well. He gives us greater flexibility in how we can use our current players also.