An announcement from Liverpool on Thursday afternoon confirmed a 10am press conference will be held at Anfield on Friday for a “major club announcement”.
Once on Merseyside, Klopp is expected to complete formalities and put pen to paper on the deal at a city centre hotel.
The appointment is a major coup for the club’s owners, Fenway Sports Group, coming just days after the dismissal of Brendan Rodgers.
Zeljko Buvac and Peter Krawietz are expected to join Klopp as part of his backroom staff, whilst Sean O’Driscoll and Gary McAllister have both left their posts.
It is still not yet know whether an official announcement will be made by the club ahead of Friday morning’s unveiling.
The German is 66/1 to win the Premier League title in his first season at Anfield, and 9/2 to finish in the top four.