Kick-off at City's Academy Stadium is at 7.45pm BST and the game will be decided on the night through extra-time and penalties if necessary.
The young Reds have overcome Portsmouth, Accrington Stanley, Wigan Athletic, Bury and Watford to reach the final, which is a repeat of the 2006 showpiece.
That year, Liverpool beat City 3-2 over two legs. After a 3-0 victory at Anfield, a certain Daniel Sturridge was on the mark for City in the second game, but the young Reds held on to win.