Wisdom spent 2013/14 loaned out to Championship side Derby County, where he impressed at right-back, but is now ready to play a full season in the Premier League.
The 21-year-old is still regarded as a bright talent for the future by Liverpool, having made 22 first-team appearances.
He played a handful of games for the Reds at the beginning of last season, before beginning his loan spell at Pride Park.
“After today, Andre is going to go on loan to West Brom,” Rodgers told the club’s official website on Saturday. “He had a very successful period at Derby last year, he did very well under Steve McClaren.
“He now has the opportunity to go to another very good coach in Alan Irvine, who I know from my youth days. He is an excellent coach and West Brom are an excellent club.
“He’ll join up with them sooner rather than later and spend the season there on loan. That will be another step for him in his development, playing regularly in the Premier League.”
Now lead by Alan Irvine, West Brom finished last season just one place above the relegation zone and will be hoping Wisdom’s services can help them patch up a defence that leaked in 59 goals.
With Glen Johnson and Jon Flanagan as Rodgers’ options for right-back, Wisdom’s loan makes sense for all parties.
Best of luck, Andre.