The 20-year-old has been weighing up his options after receiving offers from a number of clubs, including the likes of Middlesbrough, Derby and Aston Villa but Press Association Sport understands the winger has opted to move to Craven Cottage.
Liverpool's fellow Premier League side Newcastle United had allegedly been interested in landing Ojo - either on loan or permanently - earlier in the off season but the Reds declined to let the Magpies steal him away.
A back injury saw Ojo's chances limited in the first-team last season, as he was reduced to playing just two times, which both came against Plymouth in the FA Cup third round ties which had to go to a replay.
North Korea leader holds off on Guam missile plan
Some analysts said Kim was seeking a similar quid-pro-quo this time around, using the Guam missile threat as leverage. But Kim said he would "watch a little more the foolish and stupid conduct of the Yankees" before executing any order.
The England Under-20 worldwide, who joined the Reds from MK Dons in 2011 for £2m, has had previous loan spells at Wigan Athletic and Wolverhampton Wanderers.
Ojo has bags of potential but there's no way that he will be able to achieve what he can by sitting in the Liverpool development squad for another season. It's all well and good getting senior experience under your belt, but getting a taste of success every week is something that can see the England youth worldwide go to the next level.
- Drake's Unprecedented Run on the Billboard Hot 100 Ends After 8 Years
- Tech companies urge Supreme Court to boost cellphone privacy
- Hovnanian Enterprises Inc Sentiment Improves on Better Stock Potential
- Manchester 'homeless hero' charged with stealing credit card from bomb victim
- Rail commuters brace for biggest increase in fares in five years
- Minneapolis to Make Play for Federation Internationale de Football Association 2026 World Cup
- Anna Faris speaks for first time since split
- 3 people killed when auto crashes into SUV in Medford, Long Island
- LLC Has $124000 Stake in Elbit Systems Ltd. (ESLT)
- MoviePass drops monthly price of unlimited movies to just $10