Following defeats to rivals Manchester United and Arsenal in their last two league matches, Liverpool's top four bid is clouded with doubt.
Arsenal may have put the final nail in Liverpool's coffin for top four, but not all is lost, Liverpool can rescue their season by winning the FA cup.
It would still be a huge task for the Merseyside club as they must defeat Blackburn in their midweek replay, then follow it up with victory against Aston Villa to make the final.
If Liverpool are to make it to the final, they could very well come up against the Gunners who are favourites to eliminate Reading in their semi-final clash.
Arsenal are in spectacular form in the Premier League, winning nine of their last ten matches; the North London club would be delighted to defend their FA cup title.
Brendan Rodgers claims this season should still be regarded as a successful one.
The Northern Irish manager was reported as saying: “It’s more frustrating when it comes to progressing as a team. We always felt this year was going to be difficult, that was the reality of it. Our run last year nearly brought us the title.
"We lost a world class player and lots of other developments happened within the club. This year was always going to be difficult for us.
"For me, it’s about restoring Liverpool to the challenge. I think over the course of the last three months we’ve been able to challenge again. We want to be in the Champions League, that’s important and it’s key for us. But it’s highly unlikely this year".
A hard task
It's a fair statement from Rodgers as he is practically in the process of rebuilding a Liverpool squad; far from an easy task.
Liverpool brought in more than half a dozen new faces with the money they received in exchange for Luis Suarez.
The Reds had a great form spell mid season, going undefeated in 13 consecutive league games before seeing their streak end at the hands of bitter rivals, Manchester United.
Although highly unlikely, it's not impossible for Liverpool to claim a top four spot; they sit six points behind fourth placed Manchester City.
At this time of the season it would be a miracle for Liverpool to make the top four, it would also be record breaking as at this stage of a Premier league season, a gap this big has never been overcome.
Liverpool fans: Is Brendan Rodgers still the right man to take Liverpool further? Let us know your thoughts in the comments section below.