Watch: Liverpool Beat Arsenal On Penalties After 5-5 Thriller In Carabao Cup

Liverpool reached the quarterfinals of Carabao Cup after defeating Arsenal via a penalty shootout in a thriller at Anfield. The teams were level 5-5 in the alloted time. During the shootout, Dani Ceballos' shot was saved by Caoimhin Kelleher before Curtis Jones converted his penalty to seal the win for  the Premier League leaders.

Each half saw five goals with Liverpool going ahead via a Shkodran Mustafi own goal. However, Arsenal soon levelled with Lucas Torreira scoring for the Gunners. Gabriel Martinelli then bagged twice to put the visiting side two goals clear. James Milner scored from a penalty to keep Liverpool in the game just before the break. 

However, Arsenal restored their two goal advantage as Ainsley Maitland-Niles scored to make it 4-2. Alex Oxlade-Chamberlain and Divock Origi scored in space of four minutes getting Jurgen Klopp's side level again. 

Joe Willock's 70th minute strike seemed to have settled the tie in Arsenal's favour before Origi produced another stoppage-time goal to force a shootout.

In the shoot-out, Dani Ceballos' penalty was saved by 20-year-old Irish keeper Caoimhin Kelleher before Liverpool-born 18-year-old Curtis Jones converted the winning kick on Wednesday.

Both Liverpool manager Jurgen Klopp and Arsenal boss Unai Emery made 11 changes for the fourth round tie, but the understudies served up one of the most entertaining games of the season at Anfield as the Gunners squandered multiple leads.

With an average age of 23 years and 122 days, it was Liverpool's youngest starting eleven in any competition since January 2017 as teenagers Neco Williams, Harvey Elliott, Rhian Brewster and Sepp Van Den Berg all featured.

"We were too open at times. We can talk about tactics but who cares on a night like this? I hoped for the boys they would have a game to remember," Klopp said, "It's like a dream for them to play for the first time at Anfield. All our goals were wonderful."

"A crazy match. At the end we were winning until the last action. Penalties are 50-50 and we lost. We are sad but we deserve more," Emery said.

Liverpool vs Arsenal, Carabao Cup: Highlights