Rodgers says Liverpool will learn from the pain of their Premier League slip-up

We will learn our lessons - Brenda Rodgers Credit: ITV Granada

Liverpool manager Brendan Rodgers insists the pain of seeing the Premier League title seemingly slip through their grasp should be viewed as a formative experience for the club.

The Reds threw away a 3-0 lead inside the last 11 minutes at Crystal Palace to draw 3-3 on Monday and hand the initiative in the title race to Manchester City.

And while there is still a slim chance of Manuel Pellegrini's side slipping up, realistically Liverpool look like having to settle for second.

Crystal Palace's Dwight Gayle (right) celebrates after scoring his team's third goal Credit: PA Pictures

Many felt this year was the Reds' best chance to end the 24-year wait for a championship but Rodgers, who is set to sign a new contract at the end of the season, has always maintained it would be difficult to leap from seventh to first place inside 12 months.

However, they have taken several steps forward and secured a return to the Champions League and the Reds boss feels it is all part of the learning curve.

A downcast Luis Suarez after the Palace draw Credit: PA Pictures

''To be successful you have to be able to lose," said the Ulsterman.

"If you look over the years the great winners have been teams and individuals who have lost and gone on to become champions again.

"For us we have made great strides this season and there is still another game to go.

A dejected Liverpool fan at Selhurst Park Credit: PA Pictures

"If anyone had told us in August we would be top going into the last week of the season we would've taken it.

"We've qualified for the Champions League but there is an awful lot more we want to achieve."

After a shaky first six months while the players got used to his methods the last year and a half has seen a definite upward trend in performances and results.

Rodgers' reward for securing a return to the Champions League after a four-year absence will be a new and improved contract.

It is understood the paperwork has not yet been drawn up for the new deal but it has been in the pipeline for several months and there is a general agreement on both sides that it will happen once the campaign is over.