Elliott is set for an extended spell on the sidelines following a challenge from Leeds defender Pascal Struijk in Liverpool’s 3-0 victory at Elland Road.
Elliott received lengthy treatment on the pitch before being taken away on a stretcher while Struijk was sent off after a VAR review.
The 18-year-old is set to undergo surgery in the coming days to reveal the full extent of the injury but is looking forward for what could be a long road to recovery.
Writing on Instagram on Monday, Elliott said: "I'm of course absolutely devastated with what happened yesterday at Leeds, but have been totally overwhelmed by the love and support shown to me by the entire football world following the injury.
"Thank you so much to everyone who has reached out or sent messages to me and my family - it means so much to us. Also a massive thanks to everyone inside Elland Road for the reception you gave me immediately after it happened.
"I am now fully focused on my recovery and will give everything in my rehabilitation to be back out there as soon as I can. I know I have an incredible support network behind me at Liverpool and together we will get through this.
"To all of the Liverpool fans: your support means the world to me. I'm one of you and I can't wait to be back faster, fitter and stronger to help the team in the future. You'll Never Walk Alone!"
Elliott has made four appearances already for Liverpool this season.
