The fundamental properties of laser-induced plasma in liquid water, such as the ultrafast electron migration and solvation, have not yet been clarified. We use 1650-nm femtosecond laser pulses to induce the plasma in a stable free-flowing water film under the strong field ionization mechanism. Moreover, we adopt intense terahertz (THz) pulses to probe the ultrafast temporal evolution of quasifree electrons of the laser-induced plasma in water on the subpicosecond scale. For the first time, the THz wave absorption signal with a unique two-step decay characteristic in time domain is demonstrated, indicating the significance of electron solvation in water. We employ the Drude model combined with the multilevel intermediate model and particle-in-a-box model to simulate and analyze the key information of quasifree electrons, such as the frequency-domain absorption characteristics and solvation ratio. In particular, we observe that the solvation capacity of liquid water decreases with the increase of pumping energy. Up to ～50 % of quasifree electrons cannot be captured by traps associated with the bound states as the pumping energy increases to 90 μJ / pulse. The ultrafast electron evolution in liquid water revealed by the optical-pump/THz-probe experiment provides further insights into the formation and evolution mechanisms of liquid plasma.