Both charities are committed to tackling social inequalities in the clubs’ local communities.
Two star-studded squads have been named, with Champions League-winning manager Robbie Di Matteo heading up the Chelsea contingent, and he will hope to reclaim bragging rights for the Blues after they were beaten 2-0 in the reverse fixture at Anfield.
Peter Crouch’s brace on the day secured victory on the day, and he marked the occasion with his iconic robot celebration.
Liverpool have named a four-strong managerial staff, though, featuring Ian Rush, John Aldridge, Phil Thompson, and Sammy Lee.
Chelsea’s squad is teeming with famous names, most notably John Terry and Eden Hazard.
Champions League winners Ramires, Solomon Kalou, Petr Cech, and Gary Cahill will also return to Stamford Bridge, with bruising striker Diego Costa leading the line.
For Liverpool, the recently retired Pepe Reina will return between the sticks mere months after hanging up his gloves, with Fabio Aurelio, Martin Kelly, Ragnar Klavan and Martin Skrtel joining him in the squad.
How to watch Chelsea Legends vs Liverpool Legends
TV channel: In the UK, the game will not be televised live.
Live stream: Fans can catch the contest live online via Chelsea’s official website as well as the Official Chelsea App. LFCTV members will be able to watch the fixture as part of their subscription.
Live blog: You can follow all the action on matchday via Standard Sport’s live blog.
