Salah scored twice and set up two more to inspire Liverpool to a 5-2 win over Roma in their Champions League semi-final first-leg tie at Anfield on Tuesday night.
The Egyptian's brace took his goals tally this season to 43 in all competitions in what is his debut campaign at Liverpool.
And Lovren labelled Salah as a "superstar" and believes the forward should be one of the contenders for the Ballon d'Or award this year should he continue scoring goals at the prolific rate that he has been.
"He is the one. He is becoming the superstar. It looks easy what he does but it is very difficult," Lovren told reporters.
"If he continues like that - I don't know if this is the right time to put pressure on him - but I believe he should be regarded as one of the best three in the world at the end of the year.
"He deserves to be mentioned for the Ballon d'Or - when people talk about Messi and Ronaldo they should also talk about Salah.
"He deserves the credit but I think he deserves even more to be honest. Forty-three goals guys, f****** hell."
Despite conceding two late goals against Roma, Liverpool's five goals at Anfield has seen the team receive heavy praise for their style of play and obvious development under Klopp this season.
And Lovren admitted the team are enjoying their style of football this term and feel "powerful" every time they step out onto the pitch.
"To be honest you feel powerful, you feel strong when you look around and see the players next to you," he added.
"We have big names, we don't maybe have lots of 'superstars' but it is not about the name, it is how we perform on the pitch.
"You know how we will react when we don't have the ball and then we will not be afraid of anything else.
"You can see the system working, definitely. Every training session, every game we feel we are more comfortable and more confident.
"We just need to learn from our previous mistakes, we have to be more controlling of the game, that is where we need to improve, but I am pretty confident for the next leg."