It was reported on Wednesday evening that the midfielder is the subject of talks between Liverpool and Bayern Munich.
A deal between the two clubs was then struck on Thursday evening for a fee said to be worth around 38.5 million.
The Reds are looking to add a multi-functional option in the middle of the park, with Gravenberchs versatility said to be an attractive asset.
Gravenberch has also attracted interest from Erik ten Hag at Man United this summer, who worked with the midfielder during his time at Ajax.
Ten Hag has previously described Gravenberch as a player who understands hard work, which will be music to the ears of supporters who have seen the physical demands of playing in a Klopp system.
The midfielder has been characterised as a better version of Paul Pogba by the coach who promoted him to Ajaxs U15s at just 12 years of age.
Brian Tevreden, who worked with Gravenberch during his youth days, once said: Physically, I see Frank Rijkaard because hes tall and very strong. But technically, I would say hes a better version of Pogba in his best days at Juventus, in terms of his technique and his presence on the pitch.
Hes very dominant like Pogba was, and thats what I see in Ryan.
He has predominantly spent his time in Germany operating as a No. 8, but he did make 17 of his 103 appearances for Ajax playing a holding role in midfield.
At 62 and with an aerial win percentage of 66.7% and 64.8% across his two seasons at Ajax his physical presence will be a welcome boost to the Reds spine.
Confirmation looks to be a formality as Liverpool prepare to welcome their fourth midfield signing of the summer.
He will join Alexis Mac Allister, Dominik Szoboszlai and Wataru Endo as part of an emphatic midfield overhaul for 2023/24.