Neil Critchley’s young Reds secured their place in the last eight with a 2-2 draw at Wolverhampton Wanderers on Wednesday night that was enough to top Group E on goals scored.
Their reward is a home tie against the German team, which will be a one-off game with extra-time and penalties to decide a winner if required.
Fixture details will be confirmed on Liverpoolfc.com in due course.
Premier League International Cup quarter-finals
Swansea City v Benfica
Arsenal v Monaco
Liverpool v Wolfsburg
Derby County v West Ham United