Liverpool were fined £200,000 ($246,000) by the English Football League on Wednesday after fielding an ineligible player in their League Cup win at Milton Keynes Dons.
Spanish midfielder Pedro Chirivella featured as a substitute for Liverpool after coming on for the last 28 minutes of the 2-0 third-round win last week.
Chirivella, who had been on loan at Spanish club Extremadura last season, was not registered to play for Jurgen Klopp's side at Stadium MK.
Liverpool had not secured an international transfer certificate, which was required after the 22-year-old's return to Anfield following his loan.
It was suggested Liverpool could be kicked out of the League Cup as punishment.
But instead Liverpool have been fined, with £100,000 of the penalty suspended.
"Following a comprehensive review of all the evidence, the board determined that it wasn't appropriate to expel the club from the competition because of a number of mitigating factors," a Football League statement said.
A Liverpool club spokesperson said: "The club accepts the judgement, outcome and punishment imposed by the EFL.
"We believe it is proportionate with the technical indiscretion committed and will be making no...
