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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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?