Liverpool beat Wolves 2-0 in their final league fixture at Anfield on Sunday but it was not enough to quench their over two decade wait for the big prize.
With Manchester City comprehensively beating Brighton 4-1, the Reds Premier League hopes went up in smoke.
The Citizens amassed 98 points, one better than Liverpool to retain the title they won last season.
But Liverpool boss Jurgen Klopp having given spirited a fight never seen before in the title race feels the future is looking better.
The Reds still stand a chance of bagging a silverware this season as they are in the Champions League final.
“I know people will find something and say a point here or there. We had lucky moments, City had lucky moments – against Burnley and us. But we scored a strange goal against Everton and a late one against Newcastle,” said Klopp.
“It’s not about outplaying everyone, it’s about keeping believing and staying in the race. City found it difficult to get rid of us, and we couldn’t get rid of them.
“Being second in the Premier League isn’t what we wanted tonight but we’ll take it. This is a first step, that’s how we see it. The team who played the last couple of weeks were together last year apart from Alisson.
“We were 25 points off last season. If we do those same steps again that will be a season.
“I do my job. The boys deserve it 100%. Congratulations to Manchester City, they played a good season. They took 198 points in two seasons, not bad.”