Liverpool and Arsenal have varying paths to the Champions League final following the last-16 draw. Arne Slot's side have been handed a more favourable first knockout tie but have a much more challenging path to Budapest in comparison to the Gunners.
For finishing third in the league standings, Liverpool were paired with Tottenham and thus were set to face either Atletico Madrid or Galatasaray following their respective play-off triumphs. The latter ended up being drawn against the Reds, with Slot and his players out for revenge after their 1-0 league stage defeat in Turkiye and that leaves Spurs facing Diego Simeone's side.
Liverpool also know their possible quarter-final opponents with the bracket set up for them to face either fellow Premier League side Chelsea or holders Paris Saint-Germain. Getting past one of those two European heavyweights would then result in a potential semi-final clash against one of Bayern, Atalanta, Manchester City or Real Madrid.
As for Arsenal, who won the league stage, they are set to face Bayer Leverkusen in the last-16 with their other potential opponents in Atalanta facing second-placed Bayern Munich. Beyond that, the Gunners arguably have the best possible quarter-final draw with one of Sporting CP or Bodo/Glimt as their scheduled opponents.
One of Barcelona, Newcastle United, Atletico or Spurs would then await in a semi-final. Four other Premier League sides have also found out their paths to the final with Chelsea firstly facing PSG in a rematch of the summer's Club World Cup final.
It would then be a quarter-final meeting against one of Galatasaray or Liverpool before a semi-final against any of Man City, Real, Atalanta or Bayern. The former have another two-legged knockout tie against Los Blancos before then facing Atalanta or Bayern if they reach the quarter-finals.
Chelsea, PSG, Galatasaray or Liverpool would then be their final four opponents. As for Newcastle, they have a rematch from the league stage against Barcelona in the last-16 and would then take on Atletico or Spurs ahead of a potential semi-final up against any of Bodo/Glimt, Sporting CP, Leverkusen or Arsenal.
Despite their league form, Tottenham are also in the knockouts and will play Atletico in their last-16 fixture. A quarter-final against Barcelona or Newcastle would be their next clash and if they do make the semi-finals, Bodo/Glimt, Sporting, Leverkusen or north London rivals Arsenal would be waiting.