Jurgen Klopp’s side lost to the Gunners on penalties after their 1-1 draw at Wembley, with Takumi Minamino scoring his first goal for the club to cancel out Pierre-Emerick Aubameyang’s opener in normal time.
But they now have the chance to recover ahead of the new Premier League campaign.
The match will also see the return of Neil Critchley to Merseyside, the former Liverpool U23 manager who left the Reds to take over as Blackpool manager earlier this year.
His club have undoubtedly been one of the busiest on the pitch in recent weeks. They began their pre-season schedule a month ago, beating Southport 4-0 before picking up a 2-1 win at Port Vale.
The League One outfit secured another 2-1 over Barrow, before testing themselves against Liverpool’s rivals Everton.
Three goals in the first 11 minutes saw them rush into an astonishing lead, but Dominic Calvert-Lewin and a double from Gylfi Sigurdsson helped save the top-flight club from embarrassment to secure a 3-3 draw.
Blackpool then lost 3-1 to Championship Blackburn, before an agonising penalty shootout defeat to Stoke in the League Cup first round, having drawn 0-0 after 90 minutes.
They now take on the current Premier League champions, who will certainly provide them with their biggest test in recent years.
The clubs last met in the 2010/11 Premier League campaign, with Blackpool stunning the Reds twice, winning 2-1 on both occasions.
It’s currently 4/11 for the hosts to come out on top this time around, with an away win available at 6/1.
A draw between the sides can be backed at 16/5.
Over 2.5 goals has been given odds of 1/2, while under 2.5 goals is currently available at 6/4.
The champions face a tough start to their title defence. They host newly-promoted Leeds on the opening weekend before meetings with Chelsea and Arsenal.
Critchley’s side finished 13th in League One last season, and begin their new league campaign with a trip to Plymouth next Saturday. That comes after a Football League Trophy clash against Barrow.
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