The 18-year-old winger spent last season out on loan at Blackburn Rovers and he impressed during his spell with the Championship club.
Elliott made 43 appearances across all competitions and registered 12 assists and scored seven times for Blackburn.
The Liverpool starlet, who was signed from Fulham in 2019, showed how valuable the first-team experience with Blackburn was during his side's pre-season clash on Sunday.
Elliott started for Liverpool at Anfield and played 84 minutes before he was subbed off for Jake Cain.
However, the former Fulham player's best moments from the clash were turned into a stunning compilation, with fans left in awe at his brilliance on the pitch.
"Should be a starter for the season, very impressive player! My Blackburn mates weren't lying when they said he's the real deal," one fan said.
Someone else tweeted: "I mean this in the best way, but does he remind anyone else of Raheem Sterling?"
While a third wrote: "Trent [Alexander-Arnold], Harvey and Mo [Salah] could cause absolute carnage down our right-hand side given the chance this season."
And a fourth added: "Harvey Elliott is a [special] player. At 18 he could 100 per cent cut it in the Premier League."
Liverpool boss Jurgen Klopp deployed Elliott in midfield against Bilbao, but he insisted the position change was to see what he could do in a deeper role.
"He [Elliott] can play the position and how you saw then a little bit later when he went up front, Mo went in the centre and Harvey played then the right wing," he told Liverpool's official website.
"He smashed the ball on the crossbar in that moment. He can play different positions, there's absolutely no doubt about it.
"But in the pre-season, we wanted to see him just in a deeper role because for a young player you have to learn a lot of things when you are a bit more outside and you get the ball from time to time. We wanted to have him more involved.
"And I think he made a big step in this pre-season. If Harvey stays fit, then the football world can be really excited about that.
"I liked his performance today, I liked his performance and attitude during the pre-season. So, good for us, good for him."
Diogo Jota opened the scoring for Liverpool in the first half, but Alejandro Remiro pulled back an equaliser for Bilbao in the second half to secure a 1-1 draw.
Featured Image Credit: PA/Twitter
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