That's right, some of the great names from the club's illustrious history will be lacing up their football boots. Robbie Fowler will be taking on captain duties, with Steven Gerrard, Luis Garcia and Jamie Carragher all taking to the pitch. Ian Rush will be their player/manager, with Jerzy Dudek and David James taking turns in goal.
Watch out for John Aldridge, who will be the oldest member of the squad and Xabi Alonso, who will actually play for both teams (45 minutes each side). It's all in aid of the the club's official charity the LFC Foundation, which works to create life changing opportunities for children and young people. Find out more about their work here.
You can check out the full LFCTV listings here.
Watch LFCTV (CH 544) from 6am, Friday 23 March