The former striker – known as ‘God’ to the Anfield faithful – has agreed to a two-year contract and will take charge of the A-League side from the start of the 2019 season.
The 44-year-old has previously played Down Under for North Queensland Fury and Perth Glory between 2009 and 2011, and said he was happy to be returning to Oz.
“I’m really looking forward to the challenge and am determined to bring success to a club that has such a proud history in the Hyundai A-League,” Fowler said in a statement on the club’s website.
“My family and I have already experienced living in Queensland, so I’m really happy to be returning and being part of the Brisbane Roar family.”
Fowler has been out of the game since 2012, when he retired as a player and left his role as player-manager of Thai club Muangthong United.
Over the past seven years, Fowler has been coaching at Liverpool’s academy programme.
Speaking of his first full-time managerial role, Fowler told a press conference he believed he was the “right man” for the job.
“I have worked really hard getting all my badges, so to just quash all the inexperience rumours, I’m experienced in terms of getting all my coaching hours in and this is where I want to be,” he said.
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“I’ve been in football a long time. Obviously, this is my first big, big role and one I’m really looking forward to. I’m really excited.
“I was a player who was passionate, committed, I had that drive and I want to bring that type of player to Brisbane Roar.
“It’s a tough job, it’s a tough ask, but I believe I’m the right man to do that, bringing in the right player.