Manchester United will face Arsenal at Old Trafford in the FA Cup quarter-finals after Louis van Gaal's men overcame Preston North End in the fifth round.
The Reds will host the current cup holders around the weekend of 7 and 8 March and will be buoyed by the Barclays Premier League victory over the Gunners earlier this season at the Emirates Stadium.
Arsenal were defeated 2-0 at the Theatre of Dreams when the clubs last met in the FA Cup, in the sixth round in 2011, but Arsene Wenger's men won the 2005 final on penalties when the great rivals faced each other at the Millennium Stadium in Cardiff.
The quarter-final draw was made shortly before kick-off in Monday's match at Deepdale, with the Reds and Preston represented by ball no.8 in the proceedings conducted by England coach Roy Hodgson and Brian Finney, son of North End legend Tom.
Full FA Cup quarter-final draw: Liverpool v Blackburn Rovers, Bradford City v Reading, Manchester United v Arsenal, Aston Villa v West Bromwich Albion.