Steven Gerrard reflected on Liverpool's European heartbreak and declared: 'We're out of the Champions League - now let's go and win the Europa League.'
A fourth minute strike from David Ngog gave the Reds a 1-0 victory over Debrecen in Budapest - but it wasn't enough to save their European Cup status as Fiorentina beat Lyon in Italy.
While Gerrard accepts it is a blow to have bowed out of the tournament at the group stage, the captain is confident the season can still end in success for Rafael Benitez's side.
"The disappointing thing was having to rely on other teams going into tonight," said Gerrard.
"We've played fantastically well tonight and the deserved the three points, so it's disappointing that we won't progress in the Champions League.
"You get what you deserve in this competition and the two late goals we conceded against Lyon have been crucial. But it's gone now - it's in the past and we've got to move on.
"We're in the Europa League and we'll go and try to win it.
"Tonight's performance was encouraging and we can build on that. We've got a lot of players coming back from injury so hopefully it's onwards and upwards from here."
The results mean Liverpool will drop down into the Europa League - a competition the Reds last won on a memorable night in Dortmund in 2001.
Asked if the players would find it difficult to pick themselves up to play in the tournament, Gerrard replied: "Of course because the main prize has gone.
"When you start the season, you want to stay in the Champions League as long as possible, so to be playing in the Europa League is disappointing.
"But we have to accept that, move on and go and try and win it.
"The only consolation from losing out on the Champions League is to go and win the one that comes second."
Gerrard admits Liverpool's primary short-term focus will be attempting to secure a top four finish this campaign and a return to the Champions League in 2010-11.
"It's important we finish in the top four, that goes without saying," he added.
"For financial reasons, but also from a personal point of view it is important for players to play in the Champions League because it's the best level.
"It's important we go to Everton on Sunday, try to get the three points and get ourselves back in the top four as soon as possible.
"Now that we've got the majority of the squad back fit, I'm very confident we can turn things around and go on a long run of winning games.
"Hopefully Torres is not too far away and then we'll have everyone back fit and go from there."
Tagged: Champions League , Debrecen , Europa League , Gerrard , Steven Gerrard