Liverpool host Manchester United on Sunday in a key battle for the top four.
Jurgen Klopp will be facing United for the first time as a Liverpool manager, and the result of the Anfield encounter could play a huge part in the race for a top four spot come this May.
To say it’s a huge encounter for both teams is an understatement. However, Carragher feels it’s not Liverpool’s biggest game of the season despite the obvious attraction.
“The Capital One Cup offers a prime chance to restore the winning feeling and another attainable target is the Europa League, particularly with an inviting draw against German side Augsburg in the last 32,” Carragher said.
“These are the games that really matter for Liverpool. A victory over United would, of course, be enjoyed. This year, however, it wouldn't be enjoyed anywhere near as much as one that would lead the way back to Wembley.”
Liverpool currently occupy ninth position in the Premier League table, three points adrift of Manchester United and eight behind Tottenham Hotspur who sit in fourth spot.
A win over United could be a significant result for the Reds in their quest for a top four spot, yet it pales in comparison to the possibility of Klopp winning his first piece of silverware as Liverpool boss.
The Merseyside outfit hold a slim 1-0 advantage over Stoke City, and they will fancy their chances of at least avoiding defeat against the Potters in the return leg at Anfield to book their place at Wembley.
Winning a trophy in his first season could be the catalyst of something special for Klopp, and arguably far more so than merely qualifying for next season’s edition of the Champions League.