Reaching the Champions League quarterfinals has swelled the coffers at Liverpool.

Liverpool were laughing all the way to the bank after their last-16 victory over Bayern Munich in the Champions League.

The Liverpool Echo says the Reds earned £9m for the win in Munich, with the possibility of more riches to come.

If they can get through the quarter-finals Liverpool will receive £10.32m, then another £12.9m for reaching the final and an added £3.44m if they win it.

Last season's run to the final in Kiev, where they lost to Real Madrid, reportedly earned the Reds over £70m in total.