Coady spent 15 years on the books at Liverpool, having joined the academy at the age of six, but left to join Huddersfield Town after a successful loan spell with Sheffield United in 2013/14.
Joining Wolves a year later in a deal worth £2 million, Coady is now an established first-team fixture at Molineux, having made 65 appearances so far.
“It is going be a special day for me and I will have a lot of people I know watching.
“Liverpool has been a big part of my life for me and my family.
Coady was long touted as one of the Reds’ most promising academy players, but only went on to play twice for his boyhood club, before he informed Brendan Rodgers of his wish to leave in search of first-team football.
“From our point of view we are going to Liverpool without any real pressure on our shoulders,” he continued.
“We are going to play against a big club at a big stadium and it is great for us to have the opportunity.
“It is about going there and trying to keep up some of our recent momentum and getting on the front foot and trying to win the game.
“Liverpool is a huge club, but we want to go and make our mark on the game.
“We want to really enjoy the occasion but we also want to come away with the win.”