The two clashes between the Premier League heavyweights, who have 20 League Cup wins between them, were the standout ties from the fourth round draw.
It will be the 15th time that Liverpool have played Arsenal in the competition, the most played fixture in the history of the tournament.
Manchester United meanwhile will play Chelsea for the fifth time and the first since a thrilling fourth round encounter in 2012, that saw the Londoners win 5-4.
They also met at Stamford Bridge in the fifth round of the FA Cup back in February, where first half goals from Paul Pogba and Ander Hererra secured victory for Ole Gunnar Solskjaer’s side, who needed a penalty shootout to squeeze past League One Rochdale in round three.
Elsewhere, holders Manchester City were drawn at home to Southampton as they bid to win the competition for a fifth time in seven seasons. Aston Villa host Midlands rivals Wolves while Everton will take on Watford at Goodison Park.
Leicester are the only Premier League side to face lower league oppositon in the form of a trip to last season’s semi-finalists Burton, who beat Premier League Bournemouth 2-0 to reach this stage.
For the first time in the competition’s 59-year history, no Championship side made it through to the fourth round.
Ties will be played on the week commencing 28 October 2019.
Draw in full:
Everton v Watford
Aston Villa v Wolves
Manchester City v Southampton
Burton Albion v Leicester
Crawley v Colchester
Chelsea v Manchester United
Oxford v Sunderland
Liverpool v Arsenal
More to follow…
Credit: Goal.com