Arsenal have been installed as the favourites to win the Champions League following Friday's draw, which placed them on a favourable side of the bracket. Mikel Arteta's side will avoid the likes of Manchester City, Liverpool, Chelsea, Real Madrid, Bayern Munich and Paris Saint-Germain until the final in Budapest.
In the round of 16, the Gunners will face Bayer Leverkusen. A victory would pit them against either Bodo/Glimt or Sporting Lisbon in the quarter-finals, with a potential semi-final against Tottenham, Newcastle, Barcelona or Atletico Madrid. Having finished first in the Champions League table, Arsenal will have home advantage in the second leg of each tie.
Data company Opta have given Arsenal a 27 per cent chance of winning the trophy for the first time in their history, almost double that of second-favourites Bayern Munich. Liverpool are third, followed by Manchester City (10 per cent), Barcelona (seven per cent), Real Madrid (two per cent) and Tottenham (one per cent).
Reacting to the draw, Arteta said: 'We are really excited. Fighting on four fronts and the way the team is consistently performing gives us a lot of hope and positive thoughts about what is coming. But we can only focus on the present.' The final will take place on Saturday, 30 May at the Puskas Arena, with PSG the holders after thrashing Inter Milan 5-0 in the 2025 final.
