The Reds have sold their academy graduate to Italian giants Inter Milan for £30million. Jones underwent his medical in Italy on Friday ahead of officially completing his move.
Jones, who is best friends with former Newcastle winger Anthony Gordon, spent the last 16 years at Anfield, joining the academy system aged nine before progressing through the ranks to make 228 senior appearances.
The 25-year-old expressed a desire to pursue a fresh challenge after being limited to 18 Premier League starts last season, a wish Iraola, who replaced Arne Slot as manager, accepted.
Liverpool confirm Curtis Jones exit ahead of Newcastle United clash
Speaking ahead of the game, hours before the transfer was officially confirmed, Iraola said: “With Curtis, you know. I think it's still not official but there is an ongoing situation. I understood with Curtis, I talked to him. I think in the first or second training we talked.
“I value him a lot as a player. He loved this club – it was very clear since the beginning for me – but I understood that probably the outcome was going to be what it has been at the end.
"I've never hid it, for me Curtis is a very good player. A very, very good player, but I understood straight away, when he talked to me, his situation. He is coming from some years kind of in the same position, same situation.
“I didn't know in that moment, but it was a situation that could happen and it looks like it is going to happen."
Liverpool confirm £30m transfer ahead of Newcastle United Premier League opener
Liverpool confirm £30m transfer ahead of Newcastle United Premier League opener