The 43-year-old will take up the helm at Anfield to succeed Arne Slot, who departed the Reds on Saturday.
Iraola arrives after three impressive campaigns in the Premier League with AFC Bournemouth, leading them into Europe for the first time in their history with a sixth-placed finish in the table last month.
“Really excited, really excited,” he told Liverpoolfc.com. “Because obviously you know about Liverpool, you know that it’s a big club, a massive club, one of the biggest in the world.
“But feeling inside and understanding a little bit more of this club, I always thought it’s a special club.
“You don’t need a lot of things to get attracted by Liverpool. Liverpool is Liverpool.
“But obviously the atmosphere, the supporters, the club, the players, the chance for me to coach top-level players, the chance to fight for titles. I think it cannot be more attractive than this. It’s difficult to find it. So, really excited to start.”
