Club captain Sophie Bradley-Auckland has been shortlisted for Women's Player of the Season while midfielder Amy Rodgers has been nominated for the Women's Rising Star Award.
Both awards are subject to an online public vote, with Friday the final day when fans can give their backing to candidates.
Liverpool Women's vice-captain Niamh Fahey, currently away on international duty with Republic of Ireland, believes both nominations are well deserved.
Of her centre-back partner Bradley-Auckland, Fahey said: “Massive congratulations to Sophie on her nomination and she’s really deserved it.
“She had a great season and it she’s started in the same way this time.