Victor Munoz picks the ball up wide left, stands his man up and goes past him like he wasn't there.

He gets to the byline and cuts one back but Monaco clear.

Liverpool are trying to turn the screw a bit here.

So, the game is over...

However, win, lose or draw - there is a penalty shootout.

Fans have stayed in the ground to watch the practice penalties...

Three changes for Monaco with Lamine Camara, Mathys Detourbet and Matthis Abline make way for Oumar Konate, Mamadou Coulibaly and Safouane Benzahra.

"Rio, Rio, Rio" rings around Anfield as he powers his way into space and looks to slip in Lewis Koumas but he puts too much on the pass.

The second half just hasn't really gathered any sort of pace yet.

Both sides have been stopping the game to make changes and the flow is struggling.

Game over.

And I present to you your 2026 Emirates Cup champions, Borussia Dortmund.

Not a bad second half from Arsenal - they tested Dortmund at times, but they were unable to hold their nerve in defence.

Mikel Arteta will not be worried about the performance - another step closer to the new Premier League season.

Oh, that's heart-breaking for Gabriel Martinelli.

He thinks he has found the equaliser, but he is offside.

Corner to Arsenal.

Last chance...

Nice to see some Dortmund fans have made the journey to London.

They haven't filled the away end, but there's still a decent amount of fans there.

A nice summer away day, especially if they hold onto the lead.

Changes for Liverpool as Virgil van Dijk, Florian Wirtz, Alexander Isak, Kostas Tsimikas make way for Cody Gakpo for Luke Chambers, Trey Nyoni, Rio Ngumoha, James McConnell and Victor Munoz.

It's a debut for Munoz, of course.

Oh dear...

Not really sure what Fabio Vieira is thinking there.

He gets the ball and from 40 yards out he tries to chip Alexander Meyer.

Groans from the Emirates crowd as the ball goes wide.

Three minutes added on.

Josh Ogunnaike looks a promising player

The 18-year-old isn't afraid to take a player on, he looks like one for the future.

It will be interesting to see how many games he gets under Mikel Arteta this season.

Aadam Patel
Football Reporter at Anfield

Liverpool threw away a two-goal lead against Leeds in Chicago last Sunday and they've done it again. Andoni Iraola is now making six substitutions, including a debut for Victor Munoz.

You get the impression Liverpool will score a lot of goals this season but might concede a decent number of them too.

A long ball forward from Arsenal is easily gathered by Alexander Meyer.

A lovely run by Fabio Vieira, but he can't find a team-mate with his pass.

The game is just starting to slow down. The Emirates seems very quiet...