Liverpool manager Jurgen Klopp signed a new contract last season so he could oversee the summer squad rebuild.
Real Madrid must now focus on the upcoming La Liga game against Atletico Madrid following their stunning victory over Liverpool.
Liverpool and Everton have both been fined by an independent regulatory commission after failing to control their players and staff in last week's Merseyside derby at Anfield.
Liverpool defender Virgil Van Dijk admits it's a nearly insurmountable task to get past Real Madrid in the Champions League last-16.
Former Liverpool captain Steven Gerrard said Jurgen Klopp's side were "dominated and outclassed" as they lost 5-2 to Real Madrid in the Champions League.
Jurgen Klopp's gut feeling is that Liverpool's Champions League dreams are over after Real Madrid claimed a 5-2 comeback win in the first leg of their last-16 tie.