Goalkeeper Jose Reina claims Liverpool are ready to make up for their Champions League disappointment by winning the Europa League.
The Reds have been forced to reassess their targets for the season after being dumped out of Europe's premier club competition despite defeating Debrecen 1-0 on Tuesday night.
Fiorentina's 1-0 success over Lyon in the other group game condemned the Anfield club to a place in the continent's lesser-ranked competition in the new year.
However, despite the obvious disappointment, Reina believes winning the inaugural Europa League - the new name for the UEFA Cup - would go some way to making amends for their torrid season.
"Of course we are disappointed because the Champions League is a big competition that we have done well in," said the Spain goalkeeper.
"Now we are out, though. It's tough but it is not always possible to get out of the group stage.
"The Europa League is another competition for us and we want to win it.
"It also has strong teams and it will be nice to play in it. It's already become a target. There are also so many good teams involved, but we have to look forward and keep trying to win."