| Liverpool | Sheffield Wednesday |
|---|
| GK | David James | | GK | Pavel Srnicek |
| S1 | DR | Vegard Heggem | | DR | Andy Hinchcliffe |
| DR | Stig Inge Bjornebye | | DR | Peter Atherton |
| DR | Steve Staunton | | DR | Des Walker |
| DR | Phil Babb | | DR | Emerson |
| MD | Jamie Carragher | | MD | Danny Sonner |
| MD | Jamie Redknapp | | MD | Wim Jonk |
| MD | Paul Ince | S1 | MD | Niclas Alexandersson |
| AM | Patrik Berger | S2 | AM | Petter Rudi |
| FD | Robbie Fowler | | FD | Benito Carbone |
| S2 | FD | Michael Owen | | FD | Andy Booth |
| Substitute | Substitute |
|---|
| S1 | DR | Bjorn Tore Kvarme | S1 | DR | Lee Briscoe |
| S2 | MD | Karl-Heinz Riedle | S2 | MD | Ritchie Humphreys |
| Manager | Manager |
|---|
| | Gerard Houllier | | | Danny Wilson |