Riise had been in Italy on Wednesday after being granted permission to hold transfer talks with the Giallorossi.The 27-year-old former Monaco man has now agreed a four-year contract with Luciano Spalletti's side and will join his new team-mates from July 1.
Riise had been first-choice at the Premier League club over previous years but fell out of favour under Rafael Benitez last season, leading to speculation of a possible move to several clubs.
However, it is Roma who have won the race to sign the experienced international, who has won over 70 caps for his country.
"Roma announce they have reached an agreement with Liverpool for the acquisition of the sporting rights of the player John Arne Riise with effect from July 1 2008," read a statement on the club's official website.
Source: Sky Sports
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