The two teams, who faced off in the 2022 final, will again battle it out for English football's first major trophy of the season.
Chelsea came from 1-0 down in the first leg to beat Middlesbrough 6-2 on aggregate thanks to a rampant performance.
Liverpool then battled to a 1-1 draw away at Fulham to secure their spot 3-2 on aggregate.
It is a repeat of the 2022 Carabao Cup final which featured the same teams with Jurgen Klopp the victor on that occasion as the Reds won on penalties.
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The 2023/24 Carabao Cup final will be played on Sunday, February 25.
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It will be held at Wembley Stadium with the kick-off time yet to be confirmed, although last season's final began at 4:30pm.
The game will also be broadcast live on Sky Sports.
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Middlesbrough 1-0 Chelsea
Wednesday, January 10
Liverpool 2-1 Fulham
Tuesday, January 23
Chelsea 6-1 Middlesbrough
Wednesday, January 24
Fulham 1-1 Liverpool