A plan is being drawn up for a possible victory parade if Liverpool win the UEFA Champions League final.
The Reds face Real Madrid in Paris on 28 May and if they come home with the trophy a parade will take place on 29 May from 16:00 BST, the council said.
The club, who have already won the Carabao Cup, would pay the costs.
Jurgen Klopp's side hope to accomplish an unprecedented quadruple as they compete with Manchester City to become Premier League champions.
They also face Chelsea in next Saturday's FA Cup final at Wembley Stadium.