Brendan Rodgers' side were handed the home tie they wanted and are expected to see off Championship outfit Blackburn. The Reds are desperate to give Steven Gerrard a Wembley send-off and are on the right track.
Man United's win at Preston set up the tie of the round at home to holders Arsenal and it's Louis van Gaal's men who are second in the betting at 11-4 with Coral followed by the Gunners at 10-3 with Ladbrokes and BetVictor.
West Midlands rivals Aston Villa and West Brom will meet at Villa Park and giantkiller Bradford are at home to Reading in the other tie and you have to fancy the League One men after knocking out Chelsea and Sunderland.
FA Cup quarter-final draw
Aston Villa v West Brom
Bradford City v Reading
Liverpool v Blackburn
Manchester United v Arsenal
Ties to be played on the weekend of March 7,8