The Italian giants managed to avenge their defeat by Liverpool in the 2005 final when they threw away a 3-0 lead.
AC Milan took the lead after Filippo Inzaghi deflected a free-kick from Andrea Pirlo past Liverpool goalkeeper Reina.
Inzaghi made it 2-0 in the 82nd minute, after Kaka passed a precise ball through to the striker, who tucked the ball under Reina.
Liverpool hit one back just before full time, when a corner was flicked on by Carragher and Kuyt scored from close range.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.