Casey Stoney's side have reached the semi-finals of the competition in each of the last two seasons, falling to Arsenal in 2019 and being knocked out by eventual winners Chelsea in February.
The draw for the group stage of the tournament is regionalised and this year the Reds will be up against Everton, Liverpool and Manchester City in Group C.
Casey Stoney's side topped the standings in a group featuring our city rivals and the Toffees - both WSL clubs - in 2019/20, while Championship side Liverpool were, of course, our first-ever competitive opponents, at this stage of the cup, in 2018.