Real Madrid, Paris Saint-Germain, Bayern Munich, Atletico Madrid or Barcelona all lie in wait for the Gunners - who face a seeded side thanks to a late Borussia Dortmund winner
|8/13||Arsenal are 8/13 with Coral to be eliminated at the Champions League last-16 stage|
Both Madrid sides, along with Manchester United, finished the group stage unbeaten - both boasting five wins and a draw from six outings - while Cristiano Ronaldo set a new individual record of nine goals scored during that period.
Current holders Bayern Munich were stunned by an efficient Manchester City performance in their final group game to blemish a perfect group record, but know they have lost just once in four games against Arsenal.
Barcelona will be similarly confident if drawn against Arsenal, having lost just once in eight encounters - but were pushed all the way in a 2010-11 knockout clash victory.
Arsenal and PSG have no faced each other in a competitive game, so could this play to Arsene Wenger's advantage?
The draw takes place on Monday, December 16.
So who would you prefer to face? Which side do you think Arsenal have the best chance of beating over two games?
Let us know your thoughts by voting in our poll and leaving your comments below. You can also get in touch via our Facebook and Twitter pages.