Nuno Espirito Santo’s men will welcome Jurgen Klopp’s side to Molineux in one of the all Premier League ties.
It will be the second time the two teams meet at Wolves’ home ground in just over a fortnight following the league clash between the sides which will be shown live on Sky Sports on Friday 21st December.
Unbeaten Liverpool currently sit in second place in the Premier League table, just two points behind leaders Manchester City, with The Reds winning 11 of their 14 league matches so far this season.
The Third Round tie will take place on the weekend of the 5th/6th January.
Full fixture and ticket details will be announced in due course.