The holders are out!

Manchester City win a Christmas cracker. Erling Haaland put them ahead after 10 minutes, Fabio Carvalho equalised 10 minutes later, Riyad Mahrez made it 2-1 straight after the restart, Mohamed Salah equalised a minute later but Nathan Ake's header from Kevin de Bruyne's cross wins it for City.

City move on to the quarter-finals.

Jordan Henderson is flagged offside and that's another potential chance for Liverpool that comes to nothing.

Image source, Reuters

Time is running out for Liverpool. Four minutes of injury time and if they don't score they are out.

Another change for City. Ilkay Gundogan off, Bernardo Silva on.

That's four changes City have made - and they've brought on John Stones, Jack Grealish, Phil Foden and now Silva. Incredible strength in depth.

Dion Dublin
Former England striker on BBC Radio 5 Live

There are some tired legs out there. Jordan Henderson has only just come on and he's already stretching his leg as if he's got a bit of cramp. Kevin de Bruyne doesn't look tired one bit, though!

Substitute Phil Foden has an attempt for the hosts but it is kept out by Caoimhin Kelleher after Kevin de Bruyne's goalbound effort had been blocked by Fabinho.

Foden then tries to collect the loose ball but loses his footing and ends up on the turf.

Kaustubh Joshi: Darwin Nunez, patience running out… had a pretty ordinary World Cup add to that false start to the season. The guy just keeps missing chances. Another Werner in making?

Andy Robertson needed to time the challenge perfectly to deny Rico Lewis in the penalty area and the referee is happy with Robertson's challenge, which sees it go for a corner and Rodri is then judged to have jumped into Caoimhin Kelleher. Foul.

Image source, Reuters

Liverpool's Fabinho is pushed to the ground by Manchester City's Rodri after the Reds man had fouled the City player. That brings a bit of a skirmish. A yellow card for Fabinho and a yellow card for Rodri.

Liverpool with about 15-20 minutes left and they need a goal or it's Manchester City advancing into the quarter-finals.

Image source, EPA

Rachel T: Ah, welcome back midwinter football madness!

A double change for Manchester City and it's England pair Jack Grealish and Phil Foden coming on and it's Cole Palmer and Erling Haaland, who scored the first goal of the night, coming off.

Dion Dublin
Former England striker on BBC Radio 5 Live

It's a great ball from Naby Keita and Darwin Nunez is onside.

He has to score. Yes it's an acute angle, but he pulls it past the far post.

Image source, Getty Images

Darwin Nunez has had some really good chances tonight - and this is another one. Once again, from an angle, he tries to go across goal, but once again he pulls it too much and it's wide.

Thiago off, Naby Keita on for Liverpool. That's Keita's first appearance since playing in the 3-1 Community Shield win over City back in July.

Alex Oxlade-Chamberlain goes down in the penalty area after a collision with Nathan Ake, the Liverpool fans want a penalty - nothing given.

No VAR tonight so the on-pitch decision is the only one that matters.

Andy Robertson has a chance for Liverpool, it bounces up nicely for him and he goes for it, but the finish doesn't threaten the goal.

We hoped it would be special - and it certainly has been. Still got half hour ish for more. Liverpool definitely not out of this one. Twice they've equalised. They need to do so again or their cup defence ends at the round four mark.

Manchester City make their first substitution and it is an enforced one as Manuel Akanji comes off with John Stones, who impressed for England in Qatar, coming on in place of him.

Jose Enrique
Former Liverpool and Villarreal left-back on BBC Radio 5 Live

De Bruyne is the best player in the Premier League. Incredible.