Alisson Becker, Trent Alexander-Arnold, Virgil van Dijk, Andy Robertson and Sadio Mane all feature in the XI following a poll on UEFA's website.
They’re joined by Matthijs de Ligt, Frenkie de Jong, Kevin De Bruyne, Lionel Messi, Cristiano Ronaldo and Robert Lewandowski.
Ten Reds were shortlisted on the initial 50-man list published in December, with half of them making the final team in recognition of their success in the Champions League and Super Cup last year.