The Europa League, formally the UEFA Cup, is a tournament that Liverpool are very familiar with. They are one of three teams, along with Juventus and Inter Milan, to have won the tournament a record three times.
The Reds were victorious in the competition in 1973, 1976 and again in 2001, when they turned a domestic cup double into a historic cup treble by beating Alaves 5-4 in a pulsating contest at Borussia Dortmund's Westfalenstadion.
In 2012-13 Liverpool are taking part in the Europa League as a result of their triumph in the Carling Cup in 2011-12 and have already played six matches in the competition.
They began their campaign by beating FC Gomel of Belarus 4-0 and followed that up by knocking out Scottish club Hearts after a 2-1 aggregate victory which advanced them through to the group stages.
When the draw for the group stages was made, it wasn't very kind to the Reds. They were paired with top Italian club Udinese, BSC Young Boys from Switzerland and mega-rich Russian club Anzhi Makhachkala.
With Liverpool having a small squad this season following a disastrous final day of the 2012 summer transfer window, when owners FSG let manager Brendan Rodgers down badly, the Reds have had to prioritize this season. This has led to them fielding weakened teams in their opening group-stage matches.
A 5-3 victory away against Young Boys marked a good start, but that was followed up by a 3-2 home defeat at the hands of Udinese. In truth, Liverpool thoroughly dominated the match and should have come away victorious, but they were undone by some sloppy defensive errors.
With four group-stage games left, Brendan Rodgers will be looking to take seven more points, as a total of 10 should see his men advance to the next stage. While it is certainly a manageable haul, Liverpool will need to improve in certain areas if they want to achieve it.
Here are three key areas Liverpool must improve in.