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Jurgen Klopp decided to bench the 17-year-old for the entirity of last night's clash, where Alexandre Lacazette and Reiss Nelson netted to give Mikel Arteta's side all three points at The Emirates.
His decisions means that Elliott, who has made two appearances in the league this season against Crystal Palace and Sheffield United, is now unable to reach the five-game threshold needed to pick up a winners medal.
Liverpool only have two games remaining against Chelsea and Newcastle, but that's not enough for the youngster to qualify for silverware.
If Elliott featured in all three games, he would have taken the record held by Phil Foden as the youngest ever Premier League title winner, as pointed out by ESPN's Dale Johnson following Wednesday's game.
Elliott may not officially qualify for a Premier League winners medal, but Liverpool manager Jurgen Klopp says he will try and ensure every member of his squad receives one.
After winning their first league title for 30 years, the Reds will be given 40 medals by the Premier League.
Of course, the rule is that those who have made five or more appearances are entitled to a medal and take priority before Liverpool are able to dish out remaining medals out to backroom staff.
But believing that everyone has played their part in the title triumph, Klopp is not a fan of the rule in place and says all players will get a medal - even if he has to produce them or give up his medal.
"If people don't understand how important the squad is to win the championship then I can't help them to be honest," Klopp said, as per Sky Sports.
"If you have zero games you should win a medal, if you are part of the squad you should get a medal.
"If you are the second goalie and you have less games you should have a medal, because you train five million times over a year and if you don't (all) train at the highest level then you have no chance to win the championship (as a squad).
"These boys will get a medal 100 per cent - I will produce it myself, eh? One hundred per cent they can have my medal.
"They deserve a medal and they will get a medal, if not from the Premier League then me."
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