The Reds have bolstered their squad for next season after agreeing a fee with the League One club for an initial £1.7m.
England Under-17 international midfielder Shelvey passed a medical and agreed personal terms and will complete his move to Anfield on 10th May. The fee also contains a number of potential add-ons, relating to domestic and international appearances.
Reds managing director Christian Purslow said: "Jonjo is an exciting young England international. His signing is part of our long-term strategic recruitment plan and we all look forward to welcoming him to Melwood (training ground)."
Shelvey made 48 appearances for Charlton since becoming their youngest ever player when he made his debut aged 16 years and 59 days in April 2008.
He is also their youngest goalscorer in both the league and FA Cup and established himself as an important part of the League One side's first team this season, scoring four goals in 27 appearances in all competitions.
Charlton Athletic plc chairman Richard Murray said: "It is with the greatest reluctance that we have accepted an offer for Jonjo from Liverpool.
"No club likes to lose such a talented prospect, but the overall package is one we couldn't refuse, and one which was very attarctive to Jonjo.
"Liverpool are going to develop him over the next few years to be a top player, and I can't think of a better place for him to go to."
(taken from premierleague.com)
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