The Reds will travel to the 65,000 seater Estádio da Luz for the first leg on April 1st, with the return leg at Anfield a week later on the 8th.
Benfica are currently top of the Portuguese league and knocked out our neighbours Everton earlier in the competition, including a 5-0 thrashing.
If the Reds progress they will face the winner of the all-Spanish tie between Valencia and Atletico Madrid. Meaning Rafa Benitez could return to the Mastella for the first time since he left them to join Liverpool in 2004, fighting for a place in the final – which takes place in Hamburg on May 12th.
There is the possibility of an all-English final, with Fulham facing Wolfsburg in their quarter final.
Europa League Quarter Final Draw
Benfica v Liverpool
Valencia v Atletico Madrid
Hamburg v Standard Liege
Fulham v Wolfsburg
Semi Final Draw
Atletico or Valencia vs Benfica or Liverpool
Hamburg or Standard Liege vs Fulham or Wolfsburg