Right, that's a wrap for the evening here. Join us tomorrow night for more Champions League gold. Over and out.
- Gerrard, Sterling & Balotelli left out of starting XI
- Real Madrid qualify for knockout stages
- Result: Arsenal 3-3 Anderlecht
- Anderlecht fight back from 3-0 down
Arsenal's result tonight was the first time in 102 games that an English side has failed to win when three goals up. Stat-tastic.
Arsenal manager Arsene Wenger talking to Sky Sports: "I was never completely sure that we were not in danger because all game you could see we didn't defend well.
"It's hugely disappointing. We have to win our next game and see if we have a chance of winning the group.
"I'm confident because one point should be enough but it's not done. Everybody is really down tonight."
Nick in London: The Arsenal players need to come forward and take responsibility for this evening. I see no reason in blaming Wenger. The short answer is the players threw the game away.
Arsenal manager Arsene Wenger: "We had some bad luck, the first goal was offside but we had a lack of concentration and thought the game was won.
"Overall we were poor defensively from the first to the last minute. At 3-2 you have to secure yourself and we were not cautious enough. It was very poor defending.
"Am I angry or disappointed? Both."
Brendan Rodgers reveals that Liverpool are staying over in Madrid tonight. To Gran Via!
More from Henry Winter on Liverpool's team against Real Madrid: "Steven Gerrard will probably never get the chance to come to the Bernabeu again and he was sat on the bench for most of tonight.
"We can spin it either way and say that Kolo Toure and Alberto Moreno played well, but Liverpool leave here tonight having slipped another place down the table and they have got to win their next two games.
"This was not the Liverpool way tonight."
Rich in Hitchin: Arsenal have no spine, no guts and no brain. Wenger is out of touch and out of ideas. Has been for a long time. Not been good since Henry and Vieira left.
Liverpool manager Brendan Rodgers: "I've got to manage a squad which has seven games in 21 days. I didn't rest players for next Saturday, it was a team who I thought could get a result, and we were unfortunate not to get a result. Against the best team in the world.
"It's easy to say that we may have done better with a different team but listen, we could have lost 5-0."
BBC Radio 5 live
The Daily Telegraph's football correspondent Henry Winter has been reacting to Liverpool's team selection.
Was Brendan Rodgers vindicated by that selection tonight?
"You can't say that yet, it will all depend what happens against Chelsea on Saturday.
"Where we are at the moment is it's Tuesday night and Chelsea haven't even played yet."
Manchester United may have problems at centre-back, but what about Arsenal? United have an injury crisis there, Arsenal just don't have any.
Nacho Monreal does not look like a central defender at all.
Should Liverpool still make it through? Two wins and they're in, but they have only scored against Ludogorets so far...
On theBBC Sport Facebook page we're asking you, were Liverpool right to rest Gerrard and co v Real Madrid?
Here's what you're saying:Lee Warmington: Best performance so far all season......against the mighty Real Madrid.....same set up against Chelsea I say and we could walk away with at least a pointLiam Meredith: Liverpool played well???? Casillas had one very easy save to make, it was a case of Madrid team not turning up but they still done the jobGrant Lawson: Think that is a question for the 4,000 plus Liverpool fans to answer many who took time off work and paid for flights and hotels and will have spend a fair few quid
Real Madrid have won 10 successive Champions League home games; their longest run since December 1998.
Can they become the first team to retain the European Cup since AC Milan in 1990?
Dean in London: Perhaps Wenger will now realise that playing your reserve left back as centre back probably isn't good enough to win the Champions League.
Rohan in London: 3-0 up and they still mucked up!
In the 20:00 GMT kick-offs in the Championship, two second-half goals from Simon Cox saw Reading run out 3-0 winners at home to Rotherham, who have conceded six goals in their last two games. It was the same scoreline at the Macron Stadium, where Bolton showed their progress under manager Neil Lennon with a 3-0 win at home to Russell Slade's Cardiff.
In League One, Swindon were the winners against Preston, who continue to falter at the top of the table. Second-placed North End have lost more ground on Bristol City after back-to-back defeats.
BBC Radio 5 live
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Finish this sentence - Brendan Rodgers' team selection was ___________
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Want to say unbelievable but not unbelievable the way Arsenal defend. 3-0 up after an hour vs Anderlecht and draw 3-3.
Liverpool boss Brendan Rodgers: "You asked me at the beginning if the team was strong enough but you saw how good they were. To come here, where they win in threes and fours, to keep the game as close as it was showed the quality of our performance. We had the courage to play and I'm very proud of the team tonight. We showed wonderful composure.
"I knew what I was doing. I knew what the team would be tonight. We are disappointed with the result but there are many positives tonight. Some of the young players did very well.
"There's every chance of us qualifying still. We always thought it would come down to the last game and it is in our hands."
BBC Radio 5 live at the Bernabeu
"Chelsea haven't played yet, they're away from home tomorrow night. They will want to play a strong team as well on Saturday in the Premier League.
"But, Brendan Rodgers will go away from here tonight thinking can he really leave a few of those players out after the performances they put in?
"The real disappointment tonight was Raheem Sterling when he came on."
Arsenal captain Mikel Arteta, speaking to Sky Sports: "The main aim when you start the competition is to win the group but we have thrown everything away today. You can't do that in this competition."
Tweets you never thought you'd write: Ronaldo was pants!
BBC Radio 5 live at the Bernabeu
"The performance was very credible from Liverpool tonight.
"The players given their chance worked their socks off. The system worked and Brendan Rodgers will be pleased with that.
"Players like Emre Can really grew in to the occasion."
More from Adam Lallana speaking to ITV: "We've got quite a big squad and we were out there tonight to prove a point and I think we stood up.
"The main thing though is the result and we're disappointed, even though we've come to the holders of the competition tonight."
A 2-1 win for Gary Rowett in his first home game in charge of Birmingham City will do the Championship strugglers a world of good. It was a win against the unlikeliest opponents, as Watford move off the top of the table and lose for the first time under Slavisa Jokanovic.
At the other end Bournemouth move to the top of the Championship table as they win 2-0 at Sheffield Wednesday - it is the first time the Cherries have won six in a row in the second tier in their history.
Ipswich take the spoils at Portman Road in the game that saw Mick McCarthy come up against his former club. Wolves gave the ball away cheaply for both of the home side's goals, which were both clinically put away by Daryl Murphy.
Derby got back on track with a 3-2 win against Huddersfield, while Middlesbrough crushed Norwich 4-0. Neil Redfearn was denied a first win as the permanent boss of Leeds thanks to a late Charlton equaliser, and Millwall rescued themselves after falling 2-0 behind to Blackburn with 10 men. It finished 2-2.
Brighton got their first win in 12 games as they beat Wigan 1-0 thanks to Gary Gardner's goal in the first minute. Relief for Sami Hyypia.
Liverpool midfielder Adam Lallana speaking on ITV: "We said at half time if the game stayed at 1-0, we would have every chance of getting back in to it.
"We showed we have got the fight with that performance and we know we have got to win the last two games to go through, but we're confident we can do that."
The 4,000 or so fans who have made the trip to Madrid are still in good voice. When the team sheet came out an hour before kick-off they must have feared the worst, but Liverpool put in a good showing.
However, they never really looked like scoring all night. They didn't hurt Madrid in the slightest.
James in London: To all those who will say we should have played the 1st team seen as our fringe players only lost 1-0. The "1st team" so called did play Madrid at Anfield...and got walked over 3-0. Lucas impressed, and maybe it is time to drop Mario for Borini. At least he moves
If Liverpool win their final two games, they are through. They have to play Ludogorets away and Basel at home.
Swiss side Basel move ahead of Liverpool in Group B after a comfortable 4-0 win over Bulgarian outfit Ludogorets Razgrad at St Jakob Park. Borussia Dortmund secured their passage to the last-16 with a routine 4-1 home win over Galatasaray.
Spanish champions Atletico Madrid climbed to the top of Group A following their 2-0 win over Malmo thanks to goals from Koke and Raul Garcia. Juventus earned a valuable 3-2 win over Olympiakos in Turin, although they remain behind the Greek side in third place on goal difference.
In Group C Benfica boosted their hopes of progressing to the knockout phase with a 1-0 win over Monaco with Bayer Leverkusen increasing their advantage at the top of the pool following a 2-1 away win over second-placed Zenit St Petersburg.
Jamie in Leeds: 3-0 up at home with 30 minutes left and to draw 3-3. That is shocking, truly shocking.
By my shaky maths, Arsenal need a point from their final two games to book a place in the last 16. So all is not lost.
BBC Radio 5 live at Emirates Stadium
"Arsenal could have got qualification done and dusted tonight with two games to spare.
"That's not happened tonight, it probably still will. But, their defending was absolutely shocking tonight."
A stern face, a quick unzip of the jacket, and straight down the tunnel for Arsene Wenger. Nacho Monreal and co may be on for Le Hairdryer...
Birmingham City could be putting a surprise end to Watford's unbeaten run at the top of the table. David Cotterill heads home from inside the six-yard box to give Gary Rowett's side the lead in front of more than 18,000 at St Andrews on his first night as manager at the ground.
Charlton have snatched another equaliser at Leeds, again through Johann Berg Gudmundsson. Will it be more frustration in the permanent hot seat for Neil Redfearn?
On a night of remarkable turnarounds, 10-man Millwall have also equalised at home to Blackburn to the of delight of the Den.
There is a fourth for Middlesbrough at home to hapless Norwich through Yanic Wildschut, and Bolton have a third against Cardiff.
There is a goal in tonight's only game in League One. Andy Williams gives Swindon the lead at home to Preston, with just six minutes remaining.
But as it stands, Bournemouth are heading to the top of the Championship table. Can Premier League supporters start to dream of that August bank holiday away-day on the South Coast?
Real Madrid take the win then. A scrappy second half but Liverpool's second-string produced a decent showing in the end...