The Reds signed the England international in a £40m deal from Arsenal on transfer deadline day last summer.
Oxalde-Chamberlain decided to move to Liverpool despite the offer of a new deal from Arsenal and interest from Chelsea FC.
The 24-year-old made a slow start to his Liverpool FC career before Oxlade-Chamberlain managed to secure a regular starting spot.
The summer signing scored crucial goals in victories over Manchester City in the Champions League and the Premier League.
Oxlade-Chamberlain suffered a season-ending injury in a 5-2 win over AS Roma in the first leg of their semi-final at Anfield.
However, former Liverpool FC striker Bellamy believes Oxlade-Chamberlain can reflect on a successful debut season at the Anfield outfit.
“He made a brilliant decision going to Liverpool,” Bellamy told Sky Sports.
“You could see his talent at Arsenal but I didn’t know what position he was. What type of footballer he is.
“You can see what type of football he is at Liverpool. Liverpool suit him.”
Liverpool FC signed Netherlands international Virgil van Dijk in a £75m deal from Premier League rivals Southampton in the January transfer window.
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