The 1968–69 season was Liverpool Football Club's 77th season in existence and their seventh consecutive season in the First Division.

Liverpool came close to a record eighth league title, as they picked up the same number points that won them their seventh title in 1965–66.

However, the team finished second to Don Revie's Leeds United.

An early exit in the Fairs Cup, losing on coin toss to Athletic Bilbao in the opening round was the main disappointment, meaning that Bill Shankly was yet to lead the club to a European trophy.

In both the League Cup and FA Cup they would be knocked out by the eventual runners-up in both tournaments.