Jurgen Klopp believes teams in the Champions League will fear Liverpool after they were drawn with Spartak Moscow, Sevilla and Maribor in the group stages.
The draw was made in Monaco on Thursday evening, with Liverpool, who were in pot three, placed in Group E.
After finishing fourth in the Premier League last season, Jurgen Klopp's side beat Hoffenheim 6-3 on aggregate in a two-legged playoff for the right to play in the group stages of Europe's premier club competition.
When asked by the club's website whether teams in Europe would be fearful of his side, the Reds boss replied: "In this moment, for sure.
"But it depends on our performance. We had a nice sign last night [in the second leg against Hoffenheim on Wednesday] -- the first 20 minutes were probably part of the best pieces of football I was ever part of. That was really impressive.
"But we have to replicate this -- we have to do it again and again and again. Then we can be successful. That's good news but hard work also. We all know how big the pressure was yesterday. Now we are in the Champions League.
"We will first of all prepare the team for the Arsenal game. Then all the players are around the world and hopefully they can come back healthy, that's the main thing. Then, in the moment when we know who we will play first, we will go for it.
"There are a few weeks until then; we will need the time and we will use it. It just feels good, I cannot say differently. Now we can start the preparation."
Liverpool will take part in the Champions League for only the third time in nine seasons, and despite being the biggest club in Group E, Klopp acknowledged his team are not favourites to win the entire competition.
"We are not the favourite in the tournament, we are not the favourite in the group -- we are just a challenger," he said. "The challenger should be 100 percent concentrated and give everything, and that's what we'll try to do."
Russian champions Spartak were drawn first from Pot 1 and were then followed by Sevilla in Pot 2 before Maribor from Slovenia completed the group.
Klopp said Liverpool would "100 percent respect" all of their opponents, with preparations on facing set to begin imminently.
"We will plan it probably from tomorrow on. We will take as much information. Maybe we can send the guys there," he said. "The Russian league has played seven games already, so that's probably an advantage for them -- they have rhythm and all that stuff. Spain had one matchday, I don't know about Slovenia.
"We'll probably send people there and watch them; we can get enough games of theirs, that's not a problem in the world of football. We will know everything until we play them and we will be prepared 100 percent."
Sevilla reached the knockout stages last season for the first time since 2009-10 but were eliminated by Leicester City, but club president Jose Castro said his side were ready to challenge Liverpool for top spot in Group E.
"This group is demanding but Sevilla's aim is to finish as high as possible and we should not set ourselves a limit in this group," Castro told his club's website."The draw could have been worse because there are many great teams out there but it's nevertheless going to be demanding.
"We have the Russian league champions in our group and then there is Liverpool, a tall order. We played against Maribor in the 2013-14 campaign and we went through but not convincingly [a 4-3 win on aggregate]."
Sevilla waved goodbye to coach Jorge Sampaoli, who led them to a fourth-placed finish in La Liga last season before taking the reins of the Argentina national team this summer, and appointed former Celta Vigo coach Eduardo Berizzo as his replacement.
Castro added: "Our aim is to reach the last-16 but our hope is to arrive to the quarterfinals. Last year we weren't able to get to the quarterfinals but this year we need to go a step further."
ESPN FC's La Liga correspondent Adriana Garcia contributed to this report.