Shortly after his appointment as Liverpool manager in October 2015, Klopp described Brannagan as having "everything you need" in a midfield player and fielded him in the, Europa League, FA Cup and League Cup later that season.
Brannagan, who joined Liverpool as a five-year-old, made his Reds debut in 2015 and went on to make eight further appearances for the first team.
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Brannagan has completed a medical with the League One outfit and signed a three-and-a-half-year contract, with the U's now managed by former Swansea City assistant Pep Clotet.
The 21-year-old spent the second half of last season on loan at Fleetwood Town where he helped Uwe Rosler's side reach the League One play-offs.
He said: "My agent came to me and said "Oxford are really keen".
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Clotet said: "Cameron is a player with huge potential and someone that a lot of clubs have been monitoring for a long time".
However, the Salford-born youngster has since failed to add to his total of nine senior appearances and was left out of Klopp's squad for Liverpool's pre-season tours of Hong Kong and Germany last summer.
"We believe that he will be an excellent fit for what we are building here".
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Justices Clarence Thomas and Neil Gorsuch have also criticized the decision, according to South Dakota's petition. The minority rights groups suing the state had formally asked the high court to dismiss the state's appeal.