Should the loan go through, this will be Wisdom's second loan spell in a row after impressing with Derby County in the Championship last season.
"After today, Andre is going to go on loan to West Brom," Rodgers told Liverpoolfc.com. "He had a very successful period at Derby last year, he did very well under Steve McClaren.
"He now has the opportunity to go to another very good coach in Alan Irvine, who I know from my youth days. He is an excellent coach and West Brom are an excellent club.
"West Brom have been a rising club for the last few years in the Premier League. He'll go there and it will be another chance for his education and development to continue.
"He'll join up with them sooner rather than later and spend the season there on loan. That will be another step for him in his development, playing regularly in the Premier League."
This confirmation follows reports from the Birmingham Mail who reported West Brom were going after Wisdom after a bid for their first choice transfer target, Alan Hutton, failed to go through. This suggests that the versatile Andre Wisdom is set to be West Brom's right back for the forthcoming campaign.