Reds midfielder wants to copy old friend...
Shelvey points to the example of Arsenal midfielder Jack Wilshere as the kind of example he would like to follow.
"Hopefully in five years I'll be playing central midfield for Liverpool on a regular basis, playing Champions League football, being top of the Premier League and getting an England call-up. Those are my ambitions," the former Charlton Athletic man told the Reds' official website.
"Fabio Capello has given chances to young players. Jack's doing well and Kieran Gibbs has been in there too.
"I know Jack quite well and I spoke to him when he played for England and he said nothing beats that moment. Hopefully I can follow in his footsteps."
Shelvey could have been an Arsenal player himself had things turned out differently.
"I was at Arsenal when I was about nine and I've always stayed in contact with Jack because he's a good friend. I know his family," he revealed.
"I left and went to West Ham, but my brother left there so I did. Then I had a year out playing with my mates and I found that more competitive than academy football. I played for my dad's team and then I went into Charlton from the age of 12. I've got to thank Charlton a lot.
"People say to me, 'Why did you leave Arsenal?' But it's easier to break through at smaller clubs. I don't think I'd have been playing first-team football, so no, I've got no regrets."
The youngster believes that he is now at the right club with the right manager to help him achieve his ambitions.
"The manager has got the experience, he knows what he's doing," he added.
"I've worked with managers with experience but not as much as Roy's got.
"He's helped me a lot already. I'd say the defensive side of my game has already improved and it's only been a couple of months.
"I've got no doubts about my ability to go forward but I've not always been switched on with the defensive side of the game. I'm working day in, day out to improve my strength and power.
"I know what Roy did with Fulham last year and that was inspirational. Hopefully he can do the same with Liverpool and get us back into the top four.
"I think I'm holding my own. The boss has said I'm doing well, so I just need to keep doing what I'm doing. It's great training with players who you can learn so much from."