Liverpool captain Steven Gerrard says that the Reds are aiming for a quarter-final finish in the Champions League this season.
The Merseyside club, who last won the Champions League in 2005, are competing in the Champions League for the first time since the 2009/10 season.
And Gerrard despite admitting that Liverpool are not the favourites to win the Champions League, wants his side to at least reach the final eight of the competition.
"We understand that we are not the favourites," Gerrard told the Daily Mail. "There are some big hitters that people will be tipping to win. But the message from me, as captain of this team, is that we are not making up the numbers. No way."
The former England captain says that Liverpool, who have been drawn alongside Real Madrid, Basel and Ludogorets in Group B, will especially be looking to make it tough for their European opponents when they play at Anfield.
"We have got such a big advantage over two legs with Anfield that other teams haven't got. You come to Anfield and you're getting a terribly hard 90 minutes. And we are going to make it even harder for you."
Many believe that Liverpool not being involved in Europe last season was the main reason behind them doing well in the Premier League last season.
However, Gerrard is certain that Liverpool will again do well in the Premier League as well as push for a quarter-final place finish in the Champions League.
"It's the best competition to play in at club level. There's a hole there when you are out of it," he added. "Maybe you forget how lucky you are when you are consistently getting to the latter stages and popping up in finals. It was such an unbelievable achievement."
"But I've got confidence that might not be too far away if the owners continue to back Brendan Rodgers as they have done. I've got a lot of confidence in Brendan and the squad."
The Liverpool captain insists that he and his side will be very disappointed if they get knockout of the group stages or the last sixteen of the Champions League.
"I'll put it another way, if we go out in the group stages, or the last 16, we will be majorly, majorly disappointed. We want to progress. We want to go as far as we can. This can't be a one-off," he added.
Although Liverpool are expected to cruise in their first Champions League fixture against Bulgarian minnows Ludogorets at Anfield, Reds boss Brendan Rodgers insists that the Reds will not be underestimating their opponents.
"Their normal game in Bulgaria, the club's emphasis is to play attacking football," Rodgers told Sky News. "They may want to come here and sit back of course, which is fine as a tactic but we only worry about ourselves."
"We are used to starting games quickly at Anfield but it is also vital if we don't get a goal in those early moments we don't concede."
