The Reds booked their place in the Champions League showpiece on Wednesday night thanks to a X-X win against AS Roma in the Italian capital.
Liverpool FC were 5-2 winners against the Serie A giants in the first leg at Anfield last month courtesy of goals from Mohamed Salah, Sadio Mane and Roberto Firmino.
Jurgen Klopp’s side will take on defending champions Real Madrid in the final after los Blancos edged to a 4-3 aggregate win against Bayern Munich.
Real Madrid have won the competition in the last two seasons and have lifted the Champions League trophy in three of the past four campaigns under Zinedine Zidane.
Liverpool FC lost to Real Madrid at Anfield and The Bernabeu in the Champions League group stage under Brendan Rodgers back in 2014.
Former Reds defender Lawrenson believes Liverpool FC won’t be fazed by the prospect of facing Real Madrid in the Champions League final.
“If they play like they have been playing they won’t be frightened of anyone,” Lawrenson told Paddy Power.
“Obviously the other semi-final was a very different type of game to Liverpool’s one, and both Madrid and Munich are very good teams, but Liverpool have no reason to scared of either if they meet them in the final.”
Liverpool FC haven’t won the Champions League since 2005 when the Reds beat Italian giants AC Milan on penalties in Istanbul.
The Merseyside club were 1-0 winners against Real Madrid in their previous meeting in the European Cup final in 1981.
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