Liverpool must settle for the double of League and FA Cup after they missed out on the Premier League and Champions League titles.
Vinicius Junior scored just before the hour with Real Madrid's first attempt on goal and their goalkeeper Thibaut Courtois made several fine saves, including of shots from Mo Salah, to deny Liverpool.
An announcer said the Champions League final's start 'must be delayed for some minutes for security reasons' 15 minutes before it was due to get underway.
The North London team said it was 'delighted' to announce they would be playing AS Roma in Israel this summer.
The stage is set for another fiercely fought Champions League final between the two European footballing giants, who both have a staunch following in the Middle East and North Africa
Iran said Canada's decision to cancel a friendly football match between their national team in preparation for the World Cup was motivated by politics
Saudi coach Herve Renard has signed a new deal after the kingdom's World Cup success
Liverpool's Mohamed Salah has his eyes focused on Champions League 'revenge' against Real Madrid on Saturday following the Reds' 2018 defeat against the Spanish club.
News of the scheduled match, which was set to take place on 5 June as part of preparations for the 2022 World Cup in Qatar, had drawn the ire of families of those who died aboard Flight PS752 two years ago.
Egypt star Mo Salah plays club football for Liverpool, who are competing in Saturday's Champions League final against Real Madrid.