The Reds reached the semi-finals of Europe's elite club competition on Wednesday night thanks to a 6-1 aggregate win over Porto.
Jurgen Klopp's men will now play Spanish champions Barcelona for a place in their second consecutive Champions League final, which will take place at the Wanda Metropolitano in Madrid.
Liverpool's run to last year's final saw them pocket a whopping £70.3million, a little less than the £75million they paid to sign Virgil van Dijk in January 2018.
And the Merseysiders are just two games away from pocketing more than that sum due to a new three-year agreement which began at the start of the 2018/19 season.
This year's competition is significantly more lucrative than the previous three seasons, meaning Liverpool have already earned more for reaching the semi-finals this campaign than they did last year.
The Reds pocketed a total £20million for making it out of their group, a sum which consisted of a £13million payment for qualification and a £7million payment for their three wins.
Victory against Bayern saw the Anfield club earn a further £7.8million, with Wednesday's win over Porto bringing in an extra £9.1million.
So all in all, Liverpool have so far earned £37million for their Champions League efforts this season.
Liverpool have so far earned £37million for their Champions League efforts this season
A further £12million will come their way after they contest their semi-final with Barca, taking their total earnings from the competition to £49million.
It's not yet known how much the Reds will earn if they make this year's final, which could see them take on Ajax or Tottenham.
Before they can think about the final, Liverpool must first see off the in-form Barcelona, who are currently the favourites to win the tournament.
Klopp is looking forward to 'proper game' of football against the Spanish champions, saying: “I know that people like to be disrespectful to Porto but we knew how difficult it would be.