Liverpool discovered who they will face in the league phase of the 2026-27 Champions League, and oddsmakers have priced up the Reds' chances of winning in the competition
Andoni Iraola, Manager of Liverpool, inspects the pitch before the Premier League 2026/27 match between Newcastle United and Liverpool FC
Andoni Iraola will make his managerial debut in the Champions League this season(Image: (Photo by Molly Darlington/Getty Images))
Liverpool now knows all eight of their opponents in the league phase of the 2026-27 UEFA Champions League.
Andoni Iraola and the Reds discovered their Champions League opponents during Thursday afternoon’s draw in Monaco, with Liverpool set to face a mix of familiar European heavyweights and less-familiar opposition.
While the full schedule is yet to be confirmed – exact dates and kick-off times will be announced on Saturday, Aug. 29 – Liverpool does know who it will face and where each match will take place.
The Reds were drawn against Atletico Madrid (home), Inter Milan (away), Porto (home), Club Brugge (away), Villarreal (home), Fenerbahce (away), Lens (home), and LASK (away).
Following the draw, updated betting odds became available that show exactly where Liverpool stands in the wider picture of the competition.
To Win Champions League
The Reds are +1200 to win the Champions League title, something they have done six times in their history, most recently in 2019.
Those odds put them seventh on the board, behind back-to-back winners PSG (+500), Arsenal (+600), Barcelona (+600), Bayern Munich (+600), Real Madrid (+700), and Manchester City (+800).
They come in narrowly ahead of Manchester United (+1600), before a steep drop-off to Inter Milan (+2800) and Atletico Madrid (+3300).
Dominik Szoboszlai of Liverpool looks on during the Premier League match against Newcastle
Liverpool have the seventh-best odds of any team to win the Champions League(Image: Photo by Molly Darlington/Getty Images)
To Win League Phase
In the betting odds to win the league phase, Liverpool ranks in the same position — seventh — to top the table after eight games, which it did in 2024-25, the first season after the new format was introduced.
The Reds are +1400 to finish first in the league phase, with the same six teams ahead of them as in the outright market. PSG are the favorites again at +450, although the holders have come nowhere close to topping the table in the last two seasons since the new format began.
Top 8 Finish in the League Phase
Liverpool is -150 to finish in the top eight of the league phase table, which would automatically qualify them for the round of 16.
Interestingly, the Reds have the sixth-best odds in this market, ahead of Manchester City, who are priced at -120. Real Madrid edge out PSG at the top, too, with a -225 shot.
Unlike the outright market, these odds are solely dependent on who faces whom in the league phase, with some teams’ draws considered tougher than others.
This information is intended for informational and entertainment purposes only and should not be relied upon for financial reasons or to determine a specific course of action. Information should not be used in violation of any law or regulation. Use this information responsibly and at your own risk.
Gambling problem?Click here or call 1-800-522-4700 for help from the National Problem Gambling Helpline.