Liverpool confirmed on Friday night that the out-of-favour forward had completed a deal to join the Belgian side.
Jovanovic, now 30, joined Liverpool on a free transfer from Standard Liege last summer, but he was unable to establish himself in the Premier League.
The Serbia international made 18 appearances for the Reds last season and scored two goals.
Jovanovic, who had long been linked with Anderlecht, had been due to undergo a medical on Friday after the two clubs agreed terms on Tuesday.
The skilful Serbian had been a huge success in Belgium with his previous club, boasting an impressive goals-per-game strike rate and catching the eye in the Champions League group stages in 2009.
Source: Liverpool FC Official
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