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The tournament, famed for its giant-killing potential, lived up to the hype in round two, with League Two side Grimsby Town stunning Manchester United, and newly-promoted Sunderland and Leeds both bowing out to lower-league sides.Grimsby upset the apple cart again in the third round, knocking out Championship side Sheffield Wednesday.
Now that the bigger clubs are finally joining in, the possibility of more surprises looms large.
The third round kicked off last week, bringing with it several mouthwatering David vs Goliath fixtures.
And as attention begins to drift towards the fourth-round draw, here's everything you need to know, courtesy of ECHO.
The draw for the 2025 Carabao Cup fourth round is due on Wednesday, September 24.
As usual, Sky also streams the draw on their Sky Sports Football YouTube channel and across its social media platforms at no cost.
The Port Vale vs Arsenal broadcast begins from 7pm, with the draw immediately following full time.,
The 16 sides that come through the third round will be in the hat.
Here's a look at the remaining teams - and the ball numbers to watch out for:
Grimsby TownBrentfordCrystal PalaceSwansea CityBarnsley / BrightonBurnley / Cardiff CityFulham / Cambridge UnitedLincoln City / ChelseaWigan Athletic / Wycombe WanderersWolves / EvertonWrexham / ReadingLiverpool / SouthamptonHuddersfield Town / Manchester CityTottenham / Doncaster RoversNewcastle / Bradford CityPort Vale / Arsenal
They are set for the week starting Monday October 27, with most games expected to be played on Tuesday, October 28 or Wednesday, October 29.
The remaining 12 games will be played on Tuesday, September 23 and Wednesday, September 24.
As for Liverpool, they welcome Southampton to Anfield on Tuesday.