WRAPUP 2-Soccer-Liverpool and Chelsea through to semi-finals

By Zoran Milosavljevic

BELGRADE, April 8 (Reuters) - Liverpool and Chelsea will meet in the Champions League semi-finals for the third time in four years after quarter-final wins on Tuesday.

Liverpool snatched a 5-3 aggregate victory over Arsenal after two late goals gave them a 4-2 win in a dramatic all-English clash at Anfield.

Chelsea ground out a 2-0 home win over Turkish champions Fenerbahce to overturn a 2-1 first leg deficit and earn a shot at the 2005 winners after two semi-final defeats to them.

Liverpool will take on Chelsea in confident mood after eliminating Arsenal in a spectacular finish with substitute Ryan Babel swinging the tie their way.

The Dutchman won an 85th-minute penalty converted by captain Steven Gerrard and sealed the win in injury time after Arsenal looked to have done enough to go through.

Abou Diaby fired Arsenal into a 13th minute lead with an angled shot but a Sami Hyypia header and a superb Fernando Torres goal turned the match in Liverpool's favour.

Arsenal once again silenced the raucous home crowd when Emmanuel Adebayor rounded off a brilliant solo run by Theo Walcott to make it 2-2 and give the visitors the away goal edge on aggregate.

But Liverpool responded immediately as Babel burst into the box straight from the restart and was fouled by Kolo Toure.