"This is the biggest job in club football and I'm honored to be taking on the role of manager of Britain's most successful football club," he told Liverpool's official site.

"I look forward to meeting the players and the supporters and getting down to work at Melwood."

Hodgson, who enjoyed two successful seasons at Fulham, left the Cottagers after leading them to the final of the Europa League last season.

The 62-year-old was named Manger of the Season by the Premier League Managers' Association.