The UEFA Champions League round of 16, quarterfinal and semifinal draws took place on Friday as Europe's leading soccer competition takes its final form for this season. The top eight teams from the league phase led by Liverpool and Barcelona qualified automatically for the round of 16 while eight teams have emerged from the knockout round playoffs which are part of this year's new 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.

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

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?

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)

Real Madrid and Manchester City will clash in the second leg of Champions League action on Wednesday at the Bernabéu.

Liverpool is leading the Premier League, and PSG is doing the same in Ligue 1 with an unbeaten run. The Reds' boss, Arne Slot, has now reacted to drawing PSG. Slot told the media

The highly anticipated draw for the UEFA Champions League Round of 16 took place on Friday, February 21, setting the stage for what promises to be an exciting knockout stage. Liverpool vs PSG will be headliner alongside the Madrid derby.