Shaqiri has been strongly linked with a move to Anfield in recent months after he expressed his desire to leave Stoke following their relegation to the Championship having finished 19th in the Premier League last season.
The Nigerian-born player has been lined up by the Potters as replacement for Switzerland star Xherdan Shaqiri who is set to join Champions League finalists Liverpool.
Newcastle United will only pursue a reunion with Crystal Palace winger Andros Townsend if Matt Ritchie completes a move to Stoke.
He would help spice up competition in the final third within Jurgen Klopp's squad and the attacker is fresh off the back of some decent individual performances with Switzerland in the World Cup. "When someone like him becomes available in this way you have to react if you are smart - and we have", Klopp told the club's official website.
He went on to add that it was a moved he'd finally managed to finalise: "As a player you always want to be on the biggest stage in football".
The 26-year-old, who was part of the Switzerland squad which reached the round of 16 at the World Cup in Russian Federation, joined Stoke in 2015 from Inter Milan before going on to make 84 league appearances for the club.
"I want to improve myself too, I want to be with the best and I want to win titles".