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Published 10:23 17 Sept 2015 BST
Updated 11:55 17 Sept 2015 BST
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Torres and Gerrard inspired a 4-0 win over Real Madrid[/caption]
Then it all went wrong,
Benitez was sacked and replaced by Roy Hodgson and the financial troubles under Tom Hicks and George Gillett sent the club into freefall.
When current owners FSG took over the club in 2010 Liverpool were 5th in Uefa's rankings.
Today they languish in 55th, behind the likes of Metalist Kharkiv, Trabzonspor, Genk, APOEL and Victoria Plzen.
Brendan Rodgers' side face Bordeaux in their opening Europa League fixture on Thursday evening, with rumours abound that FSG are actively trying to sell the club.
It would seem a long way back to being the 5th best side in Europe for any prospective buyer.
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