"I'm happy with the draw for two reasons. Firstly, the travelling won't be a problem, and secondly, the second leg will be at Anfield in front of our supporters," he said.
"After travelling to Hong Kong, Switzerland and Rotterdam, the last thing we wanted was a long trip.
"Toulouse are a good side with some good players. The French league is of a high standard and so this won't be an easy game.
"When we return from Rotterdam we will start our reports on Toulouse. We have some information at the moment but we'll have to do some more work when we get home."