Less than a week ago boss Brendan Rodgers publicly criticised his younger players after their 3-1 FA Cup exit to npower League One Oldham. Three days later he signed the 20-year-old Brazilian, who is now on his fourth professional club in three years, for £8.5million.
"He has played a lot of games from a young age," said Pascoe.
"What we have got there is a young talent who has played a lot for Inter Milan and Espanyol. He is a young lad but what we have seen of him he can handle this type of pressure and he will be a good asset for us. The young lads who have come through have been absolutely brilliant but he has a lot of experience.
"He plays wide left, he can play as a number 10, and he likes to take defenders on and has a great awareness of his team-mates. He has to sort a few things out in Milan but he'll be back next week and he'll be ready to start straight away and he will be a great addition to the squad."
Pascoe also said they were happy with striker Luis Suarez, who has scored 17 Premier League goals this season, saying he wanted to be at the club for the long term even though the likelihood of playing in the Champions League was a slim one next season.
"It is great news, it is as simple as that," he said. "He loves Liverpool, loves being here, he signed a new contract in the summer and he is arguably in the best form of his life under Brendan. We are glad he signed his contract and he is playing for us."
The Uruguay international has quickly struck up a partnership with Daniel Sturridge and Pascoe believes there is plenty more to come from it.
"In training and from the matches you can see them looking for each other to link up," he said.
"Good players will always find half a yard with their partner and it has been great so far. Good players will gel together and Daniel and Luis are good players. When they get on the pitch the football takes over and the football brain and football finesse means they gel together."
- Sports & Recreation
- Brendan Rodgers