The Champions League round of 16 matches have been drawn as Liverpool, Barcelona and Arsenal continue their campaigns after earning byes.

All eyes are on the UEFA Champions League again this week as the final places in the Round of 16 are decided by the knockout playoffs.Real Madrid extended their record haul to 15 titles last season by defeating Borussia Dortmund in the final at Wembley in what was the last tournament under the old format.

The stage is set for the UEFA Champions League after the Round of 16 draw concluded on Friday at the House of European Football in Nyon, Switzerland.

The Champions League draw is out, with UEFA setting the bracket for the rest of soccer's biggest club tournament. Here's what to know.

The 16 teams still standing in the Champions League were drawn on Friday, the 29 games still to play in the competition promising all sorts of drama before the new champions of Europe are crowned. With every team's path to the final now set what better time could there be to take our best guess at who will be in the final on May 31?

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NYON, Switzerland (AP) — Draw made Friday for the round of 16 in the UEFA Champions League: Mar. 4-5 Aston Villa (England) or Club Brugge (Belgium) vs. Paris Saint-Germain (France) or Liverpool (England)

The Champions League draw has been completed, with teams now knowing who they play in the last16 and their possible route to the final. Club Brugge v Aston Villa Borussia Dortmund v Lille Atletico Madrid v Real Madrid Bayern Munich v Bayer Leverkusen PSV v Arsenal Feyenoord v Inter Milan Paris St-Germain v Liverpool Benfica v Barcelona The first legs will take place on 4/5 March,

In few minutes the last UEFA Champions League's draw of the season will kick off. This is going to be a new draw considering the new format of the tournament. The top eight teams from the league phase will be seeded in the round of 16 and will face the winning teams from the playoffs,