The shirt will be based on the famous 1995/16 away shirt, which featured quarter-panels of white and green cubes.
It is also rumoured that the new kit will be embroidered with a special edition 125-years anniversary crest.
Last time Liverpool wore a green and white kit was when they finished third in the Premier League, behind Newcastle and eventual champions Manchester United in '96.
Hearing rumours LFC's new away shirt is based off the quarters shirt from 1996
— Jack Henderson (@hendocfc) April 13, 2017
The Reds will be hoping for a similar finish this season, as they currently occupy third spot with six games left to play.
They sit eight points behind second-placed Spurs and two points above Manchester City in fourth, but Pep Guardiola's side do have a game in hand.
Jurgen Klopp's side travel to West Brom on Sunday as they aim to cement their spot in the top-four, they will be hoping of another away win after beating Stoke 2-1 last weekend.