He will now join up with Liverpool on the second half of their United States in either New York - where they play Manchester City on Wednesday - or Charlotte, where AC Milan will be the opponents a week today in the Guinness International Tournament.
Lovren, who joins former Southampton colleagues Rickie Lambert and Adam Lallana at Anfield, told liverpoolfc.com: 'It's a dream come true.
I'm happy and glad to be here. I'm proud and can't wait to start.
I know we have millions and millions of supporters - Liverpool is more than a club.
'After I played at Anfield last season, I said to myself: "One day I hope I'll be able to play here for Liverpool.
The fans will know from the first minute that I'm a player that will give 100 per cent on the pitch.
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