Philippe Coutinho believes winning the FA Cup would save Liverpool's season - however, the Brazilian has not given up on a top-four finish in the Premier League.
The Reds were thrashed 4-1 by Arsenal on Saturday, leaving them eight points behind fourth-place Manchester United with eight matches to play.
Europa League reality
The gap will be difficult to close with a trip to face league-leaders Chelsea at Stamford Bridge in May still on the agenda and Liverpool looked doomed to Europa League football next term.
With Champions League qualification seemingly out of the window, the Merseyside outfit are still in the FA Cup and have a tricky quarter-final replay against Blackburn Rovers on Wednesday.
The world's oldest cup competition is now Liverpool's biggest goal this season and Coutinho stresses the importance of winning a piece of silverware.
"Winning the cup would save our season," he told Liverpoolfc.com.
"It is very important for us to have that as an objective.
"We have to pick ourselves up after what happened against Arsenal to get the results that we need. We want to be in the Champions League. That is our primary objective. We have seven games left and we have to see what happens."
FA Cup glory?
If a top-four finish in the Premier League is out of the window, it is vital for Liverpool to win the FA Cup.
Kopites have not seen their side lift a trophy since 2012 when they won the League Cup and silverware in the Anfield cabinet has badly dried up.
Champions League football means an awful lot to football clubs these days - the sheer money involved for teams who qualify is unbelievable and can make or break a teams fortunes.
It too attracts the top players in the world to your club. There would be no reason why the world's best stars would choose to move to Liverpool if they were not competing in Europe's elite competition and would move elsewhere instead.
However, winning a cup creates back-page headlines which would still attract the attention of some big names.
The Reds may not be in the Champions League next season, however, FA Cup triumph can show to players that the club is heading in the right direction.
Liverpool have very difficult clash against Blackburn Rovers this Wednesday that is a must-win.
The Lancashire side sit 10th in the Championship but head into the game fresh off a 3-0 thrashing of Leeds United and will have plenty of confidence.
Ewood Park has historically been a difficult place for the Reds to travel to and Gary Bowyer's men will look to make Wednesday's game a real war of attrition.
Liverpool will be without Martin Skrtel, Steven Gerrard and Emre Can who are all suspended as well as many other injury doubts.
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