12:02 Txiki Beguiristain, Manchester City sporting director: "This is the first time we have been in this draw. It will be an enjoyable tie. It will be difficult given that we will be playing against an excellent team; a team of champions whose players have a great mentality. However, we are also doing very well and we are scoring a lot of goals which is filling us with confidence. We will be strong."
11:53 Andoni Zubizarreta, Barcelona sporting director: “This will be a great tie against several players we know well. It's two teams who attack very well and who have a lot of talent within their ranks, from the goalkeeping positions right through to the forwards, and that's what will make these two games even more attractive.”
11:51 Hans-Joachim Watzke, Dortmund sporting director: "I can live with this draw, but Zenit do have a host of quality players such as Hulk and others. It's not the shortest trip for us, but we will manage. It's a good omen for us to play in St Petersburg. We had a long journey last year in the first knockout round when we played Shakhtar Donetsk. It was cold there as well and we prevailed."
11:39 Manchester City FC were the first name out ... they face a testing tie against FC Barcelona, who have lifted the trophy three times in the past eight seasons.
11:23 Pellegrini will be regertting not getting that extra goal against Bayern Munich now they've been drawn against Barcelona!
11:22 So it's a tough, tough draw for Arsenal as they are left with holders Bayern Munich.
11:22 United and Chelsea getting the best draws with regards to English teams.
11:20 Arsenal FC (ENG) v FC Bayern München (GER, holders)
11:19 FC Zenit (RUS) v Borussia Dortmund (GER)
11:18 FC Schalke 04 (GER) v Real Madrid CF (ESP)
11:18 Galatasaray AŞ (TUR) v Chelsea FC (ENG)
11:17 Bayer 04 Leverkusen (GER) v Paris Saint-Germain
11:16 AC Milan (ITA) v Club Atlético de Madrid (ESP)
11:16 Olympiacos FC (GRE) v Manchester United FC (ENG)
11:15 Manchester City FC (ENG) v FC Barcelona (ESP)
11:08 After a brief introduction from UEFA General Secretary Gianno Infantino, there is now a video montage playing inside the draw hall, reviewing the group stage action and looking at the teams who have qualified.
10:51 Luís Figo, a UEFA Champions League winner with Real Madrid CF in 2002, tells UEFA.com it is an "honour" to have been appointed as ambassador for the final in his home city of Lisbon.
10:50 Around 10 minutes to go...
10:26 This is the 14th season in a row Arsenal have made it past the initial group stage, though they would have been out if they had lost by one more goal at SSC Napoli on Wednesday.
10:25 Chelsea lost twice to FC Basel 1893 but won their other four games to progress as group winners. Eliminated at the group stage last season and went on to win the UEFA Europa League, defeating Basel in the semi-finals.
10:25 City's tally of 15 points is the most ever (and indeed the maximum possible) for a group runner-up, having fallen at that stage in the previous two seasons. They are the only team this season to have made it through the group stage for the first time.
10:24 This is Manchester United’s first ever UEFA Champions League campaign without Sir Alex Ferguson. Ryan Giggs, 40, is only four behind Raúl González's competition record – group stage to final – 142 appearances.
10:23 Two seeding pots have been formed: one consisting of group winners and the other of runners-up. No team can play a club from their group or any side from their own association. The draw will be conducted by UEFA General Secretary Gianni Infantino and UEFA director of competitions Giorgio Marchetti, assisted by final ambassador Luís Figo.
10:11 Have you had your say on your dream Champions League draw? Tweet us @footballuk and we'll retweet the best answers!
10:08 Reminder: Clubs cannot play against those from the same association or from within their same group.
09:48 Hello and welcome to Football.co.uk's LIVE coverage of the UEFA Champions League knockout stage draw.
The pots are primed and ready to go! Here's a run through of who could draw who in the Champions League draw.
Manchester United: Galatasaray, Olympiacos, Schalke 04, Zenit and AC Milan
Real Madrid: Bayer Leverkusen, Olympiacos, Manchester City, Schalke 04, Arsenal, Zenit, AC Milan
Paris Saint Germain: Bayer Leverkusen, Galatasaray, Manchester City, Schalke 04, Arsenal, Zenit, AC Milan
Bayern Munich: Galatasaray, Olympiacos, Arsenal, Zenit, AC Milan
Chelsea: Bayer Leverkusen, Galatasaray, Olympiacos, Zenit, AC Milan
Borussia Dortmund: Galatasaray, Olympiacos, Manchester City, Zenit, AC Milan
Atletico Madrid: Bayer Leverkusen, Galatasaray, Olympiacos, Manchester City, Schalke 04, Arsenal, AC Milan
Barcelona: Bayer Leverkusen, Galatasaray, Olympiacos, Manchester City, Schalke 04, Arsenal, AC Milan
Bayer Leverkusen: Real Madrid, Paris Saint Germain, Chelea, Atletico Madrid, Barcelona
Galatasaray: Manchester United, Paris Saint Germain, Bayern Munich, Chelsea, Borussia Dortmund, Atletico Madrid, Barcelona
Olympiacos: Manchester United, Real Madrid, Bayern Munich, Chelsea, Borussia Dortmund, Atletico Madrid, Barcelona
Manchester City: Real Madrid, Borussia Dortmund, Paris Saint Germain, Atletico Madrid, Barcelona
Schalke 04: Manchester United, Reald Madrid, Paris Saint Germain, Atletico Madrid, Barcelona
Arsenal: Real Madrid, Paris Saint Germain, Bayern Munich, Atletico Madrid, Barcelona
Zenit: Manchester United, Real Madrid, Paris Saint Germain, Bayern Munich, Chelsea, Borussia Dortmind, Barcelona
AC Milan: Manchester United, Real Madrid, Paris Saint Germain, Bayern Munich, Chelsea, Borussia Dortmund, Atletico Madrid