The 19-year-old has put pen to paper on a five-year deal and will return to Lille on loan for the season.
The Belgian has chosen Brendan Rodgers' Reds amid alleged interest from both Tottenham and Arsenal.
"I am very, very happy and delighted a club as big as Liverpool showed interest in me. I'm very excited," he told the club's official website.
"I was very happy because I know that Liverpool are a big club. I was very excited and knew this could be something big for me.
"For me, it was my dream to play for a big club. I know Liverpool is a club with a great history, so for me it was perfect."
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