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Liverpool would happily sacrifice every cup competition to win the Premier League - Murphy

The Premier League is the "Holy Grail" for Liverpool, according to Danny Murphy, who has played down the significance of his old club's FA Cup exit.

Liverpool were knocked out at the fifth round stage by Chelsea at Stamford Bridge on Tuesday night, with goals from Willian and Ross Barkley earning the home side a 2-0 victory.

The Reds' chances of completing a full top-flight season unbeaten were ended when they were beaten by Watford 3-0 on Saturday, and their treble dream is now also over after a second successive defeat.