Arsenal will meet Liverpool in the Carabao Cup semi-finals, while Chelsea have secured a clash with local rivals Tottenham in the other semifinal match.
Eight-time champions Liverpool fought back from 2-0 and 1-3 down to draw the game at 3-3 before beating Leicester 5-4 on penalties in the quarter-finals on Wednesday.
The Merseyside Reds have not won the competition since 2012.
Arsenal, who defeated Sunderland 5-1 on Tuesday, had lost three League Cup finals since their previous success in 1993.
Liverpool manager Jurgen Klopp and Arsenal manager Mikel Arteta had an intense touchline exchange when the two teams met in the Premier League on November 20 at Anfield. The match ended in a 4-0 victory for the Reds.
The match between Chelsea and Spurs is a rematch of the 2015 final, which Chelsea won 2-0 at Wembley.
Chelsea beat Brentford 2-0 on Wednesday, while Tottenham beat West Ham 2-1.
Tottenham hasn't won a major trophy since defeating Chelsea in the 2008 final by a score of 2-1.
Both semi-finals will be contested over two legs, the first of which will take place the week of January 3, 2022.
The final will be held at Wembley Stadium on February 27th, with the deciding legs taking place in the week beginning January 10th.
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