The Champions League group stages will be be decided today in a ceremony in Monaco.
The four pots were finalised after the final round of qualifying fixtures were concluded last night and unfortunately for Liverpool they've been placed in pot 3 after Benfica thrashed PAOK on Wednesday night.
Had the Greek side progressed, Liverpool would have been assigned to a more favourable place in pot two of the draw.
Liverpool will be drawn with one of those clubs (except Premier League champions Manchester City) as well as any of the non-English teams in Pot 2, which contains the top-ranked non-seeds by UEFA coefficient: one of Borussia Dortmund, Porto, Shakhtar Donetsk, Benfica or Napoli.
There are four pots of eight teams, with one team from each pot forming a group, although teams from the same association can not face each other.
Manchester City now stand as favourites to win the tournament come June, at 5/1. Had Benfica failed to qualify, Liverpool would have moved up to Pot 2. Valencia have made eye-catching signings including Goncalo Guedes from PSG and Chelsea striker Michy Batshuayi - they will be unsafe. Galatasaray is the cliched "tough place to go" in the Champions League, while Swiss Super League side Young Boys make their debut in the competition.
So let us take a look at the dream draw and the worst case scenario for the Black and Yellows.
Dutch champions and 1988 European Cup winners PSV Eindhoven safely made it through to the group stages with a 6-2 aggregate win over BATE Borisov.
Stranger things have happened, but it does seem a stretch to imagine City not finding an agreement with Sterling, a player who scored 23 times for them last season, in the next year.