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Liverpool and Chelsea will face off in the Carabao Cup final at Wembley Stadium on Sunday.
The match will be a replay of the 2022 final, which Liverpool won on penalties following a goalless 120 minutes and numerous squandered opportunities.
According to the media and fans, the Reds, who are currently leading the Premier League standings, should win on Sunday.
However, Klopp feels Chelsea have improved and will be a formidable opponent in the final.
Liverpool manager told BBC Sport: “Will we be huge favourites? Absolutely not. “Since we played against them (Chelsea), they have improved a lot and it will be tricky, and a difficult game.”