The midfielder, who moved to south Wales from Merseyside in the close season, opened the scoring inside two minutes at the Liberty Stadium in September, before inadvertently sending Daniel Sturridge clean through on goal for the equaliser moments later.
Victor Moses gave Liverpool the lead before the break, but Shelvey completed his eventful 90 minutes by nodding the ball into the path of Michu to level matters at 2-2.
The 21-year-old has been sidelined by a hamstring injury in recent weeks, but came off the bench in the 72nd minute of Swansea's impressive 0-0 UEFA Europa League last-32 draw against Napoli on Thursday, and will be hungry for a spot in the starting XI.
Sturridge, who scored on Liverpool's visit to Swansea, will become only the second player - after Ruud van Nistelrooy - to score in eight consecutive Premier League matches if he can find the back of the net this weekend.
Monk has been open about the role played by his ex-managers in helping him settle into his new role, saying earlier this month: "I spoke to Brendan, I spoke to Roberto and I spoke to Kenny Jackett.
"They gave me advice which I will keep to myself, but they are guys at the very top of their game and when they are giving you good advice and wishing you well and giving you little bits and bobs it can only help."
With Arsenal and Manchester City at home to Sunderland and Stoke City respectively on Saturday, fourth-placed Liverpool's chances of climbing to second this weekend are slim, while Swansea will be keen to hang on to their spot in the top half of the table.
