Liverpool completed their pre-season programme with a 1-1 draw against Feyenoord at the Rotterdam Tournament.
Dirk Kuyt thought he had opened the scoring for Liverpool after 14 minutes when his powerful shot crashed into the underside of the crossbar and dropped over the goal-line, but the ball bounced back out and the assistant referee mistakenly allowed play to go on.
Jose Reina had to be alert to rush out and deny Andwele Slory at the other end, but Liverpool enjoyed the majority of possession and almost took the lead when John Arne Riise sent a trademark piledriver just wide.
However, the home side broke the deadlock against the run of play when Royston Drenthe slotted in from close range on the stroke of half-time, after Slory had latched on to a superb long pass from Jonathan de Guzman.
Liverpool fought hard at the start of the second half but were restricted to shots from distance by Feyenoord's organised back-line.
Xabi Alonso forced Sherif Ekramy into one terrific save from the edge of the area, but it looked as though there would be no way through until Steven Gerrard snapped into life in the 72nd minute.
Collecting the ball from Ryan Babel, the Liverpool captain forced his way past two defenders before beating Ekramy at his near post.
There was controversy late on as a penalty was awarded against Alvaro Arbeloa for handball, although replays showed Drenthe's cross cannoned into his head and any contact with the arm was clearly accidental.
But justice was done when Reina parried away the spot-kick, before Gerrard was lucky to stay on the pitch following a confrontation with Theo Lucius.
Porto clinch trophy
In the first day of the game at the Rotterdam tournament, Porto cruised to a 3-0 win over Shanghai Shenhua.
Tarik Sektioui scored Porto's first goal inside the opening five minutes but Leandro Lima was the star as he bagged a brace in the space of three minutes late in the first half.
Lima's first was a simple finish capitalising on a mistake from goalkeeper Chen Zhang, but his second was sublime as he weaved his way past two defenders on the edge of the area.
The result was enough for Porto to win the competition ahead of Liverpool due to the fact they conceded fewer goals.
Joy for Smith
Alan Smith marked his Newcastle United debut with the winning goal against Sampdoria.
Partnering his former Leeds team-mate Mark Viduka up front, Smith had few opportunities to open his account in a gruelling first half.
But he broke the deadlock on 59 minutes as he ghosted into the area unmarked to head home Geremi's pinpoint corner from the left.
Sampdoria had chances to equalise in the dying stages but Newcastle held on to secure a hard-fought 1-0 victory.
Feyenoord 1-1 Liverpool
Ipswich 2-0 Panathinaikos
Lincoln 1-2 Watford
Newcastle 1-0 Sampdoria
Shanghai Shenhua 0-3 Porto