Kickoff from Anfield in Liverpool is set for 3 p.m. ET. The latest Liverpool vs. Real Madrid odds list the hosts as slight +150 favorites (risk $100 to win $150) on the 90-minute money line, with Real Madrid listed as the +155 underdogs.

Liverpool host Real Madrid in a huge Champions League clash on Tuesday evening, with the Reds looking to make it two wins from two after beating Aston Villa at the weekend

Arnold will of course be the center of attention as he returns to Liverpool just a few months after leaving for Real Madrid but will probably get a varied reception from home fans. While former Liverpool midfield star Xabi Alonso will get a warm welcome back as he leads Real Madrid at Anfield and it is easy to see the Spaniard one day become Liverpool's manager.