Liverpool are finally back in the Champions League knockout stages - nearly a decade since the five-time European champions were last there.
This is only the third time that the Reds qualified for the competition at all since 2009, but both the 2010 and 2015 editions ended in embarrassment as the team crashed out in the group stages.
They made it through in style this time, however, scoring the second most goals of any team in the group stage and picking up two 7-0 wins along the way.
They've lost playmaker Philippe Coutinho since then, of course, but the recent form of forwards Mohammed Salah and Roberto Firmino have given cause for immense optimism.
Firmino has been hailed from all corners after his performances this year and finally reached 20 goals for the season against Southampton at the weekend - something many believed he wasn't capable of achieving.
And Liverpool may have only signed Salah in the summer, but he's quickly establishing himself as one of the best players to have pulled on the red shirt in recent years - the Egyptian is already looking for his 30th of the season against Porto.
With the Premier League title firmly out of reach, all of the optimism has been placed in the Champions League and memories of the victorious 2005 campaign.
While most managers may look to curb that kind of excitement, Jurgen Klopp has instead had some words of encouragement, explaining why he believes his side could defeat the likes of Paris Saint-Germain.
"Probably the strongest team in Europe at the minute is Manchester City," he said. "We've played them twice and that's the highest level.
"PSG is a little bit different but I don't look at them, I only know it already that if we meet them we could beat them. That's how it is but it's not important. We are here in Porto and that's the only thing that matters."
The Red's boss even admitted being relieved at drawing the Portuguese side - although they won't be an easy task.
"We can make one big mistake in life," he continued. "Of course, we as a team would never do that, but I know when the draw came out it was like: 'Thank God, Porto,'
"Now it's Porto and it's quite a hurdle, a nice hill we have to go over. It's interesting. It will be a special atmosphere as well and I'm really looking forward to it.
"This is our draw. It's a difficult job to do for both teams. Porto are really strong, very experienced, very aggressive, very physical, but we are good as well so it will be an interesting game."
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