Liverpool won the rescheduled FA Cup semi-final and went on to win the trophy by beating Everton 3–2 in the final, but were then denied the double for the second season running in even more dramatic fashion than the previous season, when a last minute Arsenal goal gave the visitors a 2–0 win at Anfield and sent the league title to Highbury on goals scored.

They had spent much of the season on the fringes of the title race, frequently led by Arsenal and underdogs including Norwich City, Coventry City and newly promoted Millwall, but a late surge in form had seen them cruise back to the top of the league by the time of the penultimate league game.

[1] As September ended, the Football League Cup quest began for Liverpool in the second round with a 1–0 home win over Walsall.

However, the much anticipated title challenge from Manchester United and Everton was not yet transpiring, as both clubs were in the bottom half of the table.

[6] On a more positive note, Jan Molby was available for selection again at the beginning of the month after serving half of his prison sentence for drink-driving.

[7] The FA Cup quest began at Brunton Park on 7 January, when Liverpool eliminated Fourth Division Carlisle United 3–0.

Three weeks later they met Millwall in the fourth round at The Den and won 2–0, but their dreams of a unique second double were still looking doubtful as a less than brilliant month, including a 2–2 draw away at relegation threatened Sheffield Wednesday after being 2–0 down, meant they were still fourth in the league and nine points adrift of leaders Arsenal, who had a game in hand.

The first, at St James' Park in the league, saw them draw 2–2 with struggling Newcastle United and fail to improve on their fifth place standing.

Millwall and Nottingham Forest completed the top five, while Manchester United and Everton were heading for mid table mediocrity after giving the Reds a serious run for their money earlier in the season.

A crush of Liverpool fans in the Leppings Lane end of the stadium as the game kicked off turned into a scene of carnage as it became apparent that people were being injured, and after six minutes the match was cancelled.

[11] In the league, the Reds managed comfortable wins over Norwich City, Sheffield Wednesday and Millwall to go top of the table above Arsenal on goal difference.

[2] Liverpool's first competitive game after the tragedy at Hillsborough finally came on 3 May, when they drew 0–0 with Everton in the Merseyside derby at Goodison Park.

Due to the Hillsborough tragedy, the English league season had been extended by two weeks and this meant that several clubs - including Liverpool - played twice after the FA Cup final.