Striker Craig Bellamy says the club's main priority this season is Champions league football, although any trophies would be a bonus.
Liverpool head to Wembley on Sunday to play Cardiff in the Carling Cup final and to try and land their first silverware at the club for six years but Bellamy insists that Champions League football is still their number one priority.
The 32-year-old, who has said he would not celebrate if he scored against his home town club Cardiff, claims the Reds would choose Champions League football over a Cup victory.
"The season isn't over for either of us, whichever one loses," Bellamy told reporters.
"Cardiff have promotion to go for and we have Champions League (qualification) to gun for and we're still in the FA Cup.
"If we lose on Sunday we still have so much to play for this season and it is the same for Cardiff. Would we choose Champions League over the Carling Cup? I think we would.
"Would Cardiff choose getting to the Premier League over the Carling Cup? I think they would as well.
"That is our main objective. That is what we set out for this season. Cup competitions are a big bonus for us but we are looking at the Champions League. A win on Sunday might push us forward but if it didn't we still have a lot to play for - and so do Cardiff."
The clash on Sunday is Liverpool's first visit to the new Wembley as Liverpool's last four trophies were all won whilst the English domestic cup finals were held at the Millennium Stadium.