The planet, dubbed PSO J318.5-22, formed a mere 12 million years ago - a newborn in planet lifetimes.
It was identified by an international team of astronomers from its faint and unique heat signature by the Pan-STARRS 1 (PS1) wide-field survey telescope on Haleakala, Maui.
Follow-up observations using other telescopes in Hawaii show that it has properties similar to those of gas-giant planets found orbiting around young stars. And yet PSO J318.5-22 is all by itself, without a host star.
"I had often wondered if such solitary objects exist, and now we know they do," said Liu.
Only a handful of planets have been directly imaged, all of which are around young stars - less than 200 million years old. PSO J318.5-22 is one of the lowest-mass free-floating objects known, perhaps the very lowest, researchers said.
"Planets found by direct imaging are incredibly hard to study, since they are right next to their much brighter host stars. PSO J318.5-22 is not orbiting a star so it will be much easier for us to study. It is going to provide a wonderful view into the inner workings of gas-giant planets like Jupiter shortly after their birth," said Dr Niall Deacon of the Max Planck Institute for Astronomy in Germany and a co-author of the study.
PSO J318.5-22 was discovered during a search for the failed stars known as brown dwarfs. Due to their relatively cool temperatures, brown dwarfs are very faint and have very red colours.
The planet is extremely cold and faint, about 100 billion times fainter in optical light than the planet Venus. Most of its energy is emitted at infrared wavelengths.
The team followed up the PS1 discovery with multiple telescopes on the summit of Mauna Kea on the island of Hawaii.
Infrared spectra taken with the NASA Infrared Telescope Facility and the Gemini North Telescope showed that PSO J318.5-22 was not a brown dwarf, based on signatures in its infrared light that are best explained by it being young and low-mass.
The study appears in the Astrophysical Journal Letters.
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