Villa earned their place in this round after beating Crewe Alexandra and rotated Brighton and Wolves sides. Last night's win against Wolves was their third regular time victory in a row in the Carabao Cup this season.
The fixture will be played at Villa Park in December, but this fixture is an outlier - Liverpool have stated that they are seeking an alternative date for the cup tie as they will be in Qatar for the FIFA Club World Cup throughout December at the same time as the QF round. Other matches in the cup will take place on the week commencing the 16th of December.
The quarter-final round of this season's Carabao Cup is the furthest that Villa have gotten since being knocked out by an inspired Bradford City in 2013's semi-final. Bradford eventually succumbed to Swansea in that season's final.
Villa boss Dean Smith has recognised that his side have a chance to win a cup this season, and has admitted that claiming the Carabao Cup to enjoy another 'Wembley moment' is one of his main aims this season.
He'll have to beat Liverpool to do so.