Portman Road will host the fixture, which will be broadcast live by BT Sport. LFCTV will also provide full match coverage on delay.
Marc Bridge-Wilkinson’s side reached the last four after a 3-1 victory over Arsenal at Anfield last week, while Ipswich defeated Sheffield United 3-2 after extra-time.
The Reds had previously defeated Sutton United, Manchester United and Leicester City on their way to the quarter-finals.
The winner of next week’s tie will face Aston Villa or West Bromwich Albion in the final.