Steven Gerrard is headlining a star-studded Liverpool legends side that will play a Socceroos legends outfit in Sydney.

Former Liverpool captain Gerrard, 35, will lead an all-star squad featuring the likes of Jamie Carragher, Ian Rush, Dietmar Hamann and Luis Garcia for the clash at ANZ Stadium on Jan. 7.

Gerrard, who made more than 500 appearances for Liverpool in a glittering Premier League career, is making a return "down under" after he was a part of the Liverpool side that beat Melbourne Victory 2-0 at the MCG in 2013.

"It will be great to play with the official Liverpool FC Legends," the LA Galaxy midfielder said. "The squad looks like it’s a great set of lads, it'll be good to get on the pitch with them. Our fans are the best and to play in front of them again will be emotional, I'm sure."

Former manager Gerrard Houllier will coach Liverpool against a Socceroos side featuring the likes of Mark Bosnich, Jason Culina, Robbie Slater and Ned Zelic.