But Liverpool's journey is over after they were beaten by Paris Saint-Germain 4-1 on penalties at Anfield, with Gianluigi Donnarumma stopping Darwin Nunez and Curtis Jones after Ousmane Dembele levelled the tie.
Elsewhere, Bayern Munich beat Bayer Leverkusen 2-0 to seal a 5-0 aggregate win as Harry Kane became the first Englishman in Champions League history to score ten goals in a single season.
You can recap of all the action in our live blog below...
50 minutes agoBy Jack Cunningham
Injury updates
Liverpool manager Arne Slot also provided injury updates on Trent Alexander-Arnold and Ibrahima Konate.
The England international limped off after going over on his ankle midway during the second half.
Meanwhile, Ibrahima Konate could barely move as he left the field in extra time.
However, ahead of the Carabao Cup final against Newcastle United, it's mixed news.
Speaking at his post-match press conference, he said: "Konate was just tired, but with Trent, I'd be surprised if he played on Sunday."
Copy linkCopied
56 minutes agoBy Jack Cunningham
'Incredible performance'
Liverpool manager Arne Slot was disappointed to see his side crash out of the Champions League, but he was delighted with the performance.
The Reds lost 1-0 on the night at Anfield, meaning they drew 1-1 with Paris Saint-Germain on aggregate.
But the French giants won 4-1 on penalties.
However, despite losing, Slot was proud of his players.
Speaking to Amazon, he said: "It was the best game of football I have ever been involved in.
"It was an incredible performance, especially if you compare it with last week. We were creating chances and then we were 1-0 down. We ran out of luck after last week.
"We played the perfect game, except for scoring a goal. It was similar to Paris last week, when they played the perfect game. And then in extra time, they were maybe a little bit better."
Copy linkCopied
11th Mar 2025, 23:17By Jack Cunningham
Oh dear
Curtis Jones' missed penalty in the shootout means he equals a pretty unwanted record.
He becomes just the second Englishman to miss a penalty in a Champions League shootout.
The Liverpool midfielder saw his penalty stopped by Gianluigi Donnarumma during the 4-1 defeat on penalties for the Reds tonight at Anfield.
He now joins John Terry on that list.
Copy linkCopied
11th Mar 2025, 23:09By Jack Cunningham
Redemption
Last week, Gianluigi Donnarumma faced one shot on target, and he let it past him.
Many people argued that the Italian should have done much better with Harvey Elliott's strike after getting a hand to it.
But this was his redemption story.
Throughout the game, he made a succession of punches and clearances, and then in the penalty shootout, the Italian denied Darwin Nunez and Curtis Jones.
He then spent a long time after the game celebrating with the PSG fans, and why not.
Copy linkCopied
11th Mar 2025, 23:01By Jack Cunningham
Coming of age
Paris Saint-Germain have always been a team that have flattered to deceive in the Champions League.
They've had some of the best footballers in the world represent them in over the past few years, but it always felt like a bunch of individuals rather than a team.
But this Luis Enrique side is very different.
The recruitment model has shifted to buying young and hungry players, and this was a night they came of age.
The penalties from all of the PSG players were out of this world, and they will be a match for anyone.
Copy linkCopied
11th Mar 2025, 22:46By Jack Cunningham
Liverpool 0-1 PSG (1-1) (1-4) - PSG THROUGH
PARIS SAINT-GERMAIN HAVE DONE IT!
THEY HAVE KNOCKED LIVERPOOL OUT OF THE CHAMPIONS LEAGUE AT ANFIELD.
Desire Doue strides up and sends Alisson Becker the wrong way to spark wild scenes in the away end.
There will be no treble for Arne Slot in his first season as Liverpool boss.
On reflection, you would have to say that they deserve it.
Stay with us for all the reaction!
Copy linkCopied
11th Mar 2025, 22:44By Jack Cunningham
Liverpool 0-1 PSG (1-1) (1-3) - SAVED
He's done it again!
Curtis Jones goes to the right, and there is Gianluigi Donnarumma again!
So, it is all down to Desire Doue now!
Copy linkCopied
11th Mar 2025, 22:41By Jack Cunningham
Liverpool 0-1 PSG (1-1) (1-3)
Oh, that is outstanding!
Ousmane Dembele runs up and picks out the top corner with a beauty.
Copy linkCopied
11th Mar 2025, 22:41By Jack Cunningham
Liverpool 0-1 PSG (1-1) (1-2) - SAVED
Darwin Nunez is denied!
Gianluigi Donnarumma dives the right way and makes an excellent stop.
Advantage PSG.
Copy linkCopied
11th Mar 2025, 22:39By Jack Cunningham
Liverpool 0-1 PSG (1-1) (1-2)
Goncalo Ramos is brought on to take a penalty, and he delivers.
The Portuguese striker runs up and smashes his effort into the bottom corner.
Copy linkCopied
11th Mar 2025, 22:38By Jack Cunningham
Liverpool 0-1 PSG (1-1) (1-1)
Moahmed Salah responds with an emphatic spot kick.
The Egyptian runs up and lashes the effort into the top corner.
Copy linkCopied
11th Mar 2025, 22:38By Jack Cunningham
Liverpool 0-1 PSG (1-1) (0-1)
Calm as you like from Vitinha!
He takes forever to reach the ball, and Alisson Becker waits until the very end to dive.
But the midfielder squeezes his spot kick into the corner.
Copy linkCopied
11th Mar 2025, 22:36By Jack Cunningham
Liverpool 0-1 PSG (1-1)
PSG win the coin toss, and the penalties will be taken down the Anfield Road End, and not the Kop.
The French giants are also going first...
Vitinha to take.
Copy linkCopied
11th Mar 2025, 22:32By Jack Cunningham
Liverpool 0-1 PSG (1-1) - FULL TIME - PENALTIES
That is the end of the contest, and this one will be decided via a penalty shootout.
Liverpool have been beaten at Anfield, but after their 1-0 victory last week, the two sides can't be separated.
Instead, it will be done from the spot.
And we will have every kick!
Copy linkCopied
11th Mar 2025, 22:23By Jack Cunningham
Liverpool 0-1 PSG (1-1) - Chance
Alisson Becker to the rescue!
Vitinha picks up possession in the middle of the pitch and finds Ousmane Dembele in the area.
The Frenchman opens up his body and tries to curl one into the far corner.
It's a great effort that the Brazilian tips around the post.
Meanwhile, it is the end of the road for Ibrahima Konate who can't continue.
The Frenchman leaves the field, and Wataru Endo is on for the closing stages.
Copy linkCopied
11th Mar 2025, 22:18By Jack Cunningham
Liverpool 0-1 PSG (1-1)
Harvey Elliott is on for the second period of extra time.
Liverpool are attacking the Kop End, but what does either team have left in the tank?
They've both given everything in an intense high-quality match.
Copy linkCopied
11th Mar 2025, 22:10By Jack Cunningham
Liverpool 0-1 PSG (1-1)
Couple more changes for both teams as Kang-in Lee replaces Khvicha Kvaratskhelia.
Liverpool introduce Cody Gakpo in place of Luis Diaz.
And the first half of extra time is nearly over, meaning we are edging closer and closer to a penalty shootout.
Copy linkCopied
11th Mar 2025, 22:05By Jack Cunningham
Liverpool 0-1 PSG (1-1) - Chances
Ooohhhhhhh, so close for Paris Saint-Germain!
First, substitute Lucas Beraldo connects with a stunning cross from the left with a header.
It beats Alisson Becker and the far post.
Desire Doue then comes inches away from putting PSG into the lead with some brilliant feet in the box before bending a shot just past the far post.
Copy linkCopied
11th Mar 2025, 22:03By Jack Cunningham
Champions League full times
So, as we head into the start of extra time at Anfield, let us have a look at what has been going on in the other games.
Bayern Munich and Inter Milan have sealed their places in the next round of the Champions League.
Harry Kane grabbed a goal and an assist on the night to seal a 2-0 win for the German giants, and they beat Bayer Leverkusen 5-0 on aggregate.
Kane also made history by becoming the first Englishman to score ten goals in a single European Cup or Champions League campaign.
In Italy, Inter Milan beat Feyenoord 2-1 at the San Siro to seal a 4-1 win.
Bayer Leverkusen 0-2 Bayern Munich (0-5)
Inter Milan 2-1 Feyenoord (4-1)
Copy linkCopied
11th Mar 2025, 21:57By Jack Cunningham
Liverpool 0-1 PSG (1-1) - FULL TIME
These two can't be separated after 180 minutes of intense football.
It means we are going to extra time to settle this one.
There was only one goal on the night as Ousmane Dembele scored.
And ahead of extra time starting, Curtis Jones and Warren Zaire-Emery are on.
Jones replaces Alexis Mac Allister and Zaire-Emery is on for Fabian Ruiz.
Copy linkCopied
11th Mar 2025, 21:49By Jack Cunningham
Liverpool 0-1 PSG (1-1)
The fourth official has indicated five minutes of stoppage time at the end of this one.
So unless there is a late winner, we will be going to extra time and potentially penalties.
Alexis Mac Allister goes into the book for a foul on Ousmane Dembele on the edge of the box.
That means he would miss the first leg of any potential quarter-final for the Reds.
Copy linkCopied
11th Mar 2025, 21:42By Jack Cunningham
GOAL! Bayer Leverkusen 0-2 Bayern Munich (0-5) - Alphonso Davies
THIS HAS BEEN SOME DISPLAY!
Bayern Munich are destroying their Bundesliga rivals, and Alphonso Davies has got in on the act.
Joshua Kimmich slips a pass into Harry Kane in the area.
The England captain clips a pass to the back post for Davies, and he arrives to guide a volley into the back of the net.
Copy linkCopied
11th Mar 2025, 21:32By Jack Cunningham
Liverpool 0-1 PSG (1-1)
This doesn't look good for Trent Alexander-Arnold.
The right-back attempts to make a tackle on the far side, and as he does, he rolls his ankle.
Cyprus 
San Marino 
Bordeaux 
Nancy 
Blois F.41 
Andorra 
Latvia 
England 
Albania 
Malta 
Finland 
Poland 
Lithuania 
Romania 
Northern Ireland 
Switzerland 
Liechtenstein 
North Macedonia 
Moldova 
Norway 
Montenegro 
Gibraltar 
Luxembourg 
Sweden 
FK Partizan 
CSKA Moscow 
Azerbaijan 
Haiti 
Faroe Islands 
Israel 
Estonia 
Wales 
Kazakhstan 
Georgia 
Armenia 
Hungary 
Iceland 
Kosovo 
Scotland 
Greece 
Serbia 
Austria 
Slovenia 
Slovakia 
France 
Croatia 
Germany 
Italy 
Portugal 
Denmark 
Spain 
Netherlands 
Belgium 
Ukraine 
Bulgaria