| Liverpool | Sheffield Wednesday |
|---|
| GK | David James | | GK | Kevin Pressman |
| S3 | DR | Rob Jones | | DR | Ian Nolan |
| DR | Stig Inge Bjornebye | | DR | Peter Atherton |
| S1 | DR | Steve Harkness | | DR | Jon Newsome |
| DR | Bjorn Tore Kvarme | | DR | Des Walker |
| MD | Mark Wright | S1 | MD | Steve Nicol |
| MD | Steve McManaman | S2 | MD | Mark Pembridge |
| MD | Michael Thomas | | MD | Jim Magilton |
| FD | Paul Ince | | FD | Guy Whittingham |
| FD | Michael Owen | | FD | David Hirst |
| S2 | FD | Karl-Heinz Riedle | | FD | Paolo Di Canio |
| Substitute | Substitute |
|---|
| S1 | DR | Dominic Matteo | S1 | DR | Lee Briscoe |
| S2 | MD | Patrik Berger | S2 | MD | Wayne Collins |
| S3 | | Jason McAteer | | | |
| Manager | Manager |
|---|
| | Roy Evans | | | David Pleat |