Jürgen Klopp's side are set to enter the tournament at the semi-final stage and will look to lift the trophy for the very first time in the club's history.
What is the Club World Cup?
It's a seven-team tournament that pits together the winners of FIFA's six continental confederations and the league champions from the host nation.
This year is the 16th edition of the contest and will be hosted in Qatar.
Who's in it?
Just three participants are confirmed so far, with the Reds joined by Mexican side CF Monterrey, winners of the 2019 Concacaf Champions League, and OFC Champions League holders Hienghene Sport from New Caledonia.