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The champions have been cut from 2/1 to 7/4 for European glory after being paired with David Moyes' side in Friday's draw while Chelsea will face Paris Saint-Germain

The Champions League quarter-final stages took place in Nyon, Switzerland on Friday afternoon and we now know the line-up for the next round of Europe's premier club competition.

Reigning champions Bayern Munich have been favourites to retain their European crown since the market was in its infancy and they remain the market principles after being paired with Manchester United in the quarter-finals. Bayern are now available at 9/5 (2.80) with Paddy Power while David Moyes' men have seen their odds pushed out by the bookmakers, now at 33/1 (34.0) from 16/1 (17.0) pre-draw.

With little to fight for on the domestic front, David Moyes will be trying to use the Champions League as an opportunity to silence the doubters and prove he is the right man to be at the Manchester United helm but the draw has pitted them against the favourites. If ever there was a match for Moyes to prove his management credentials then this is it, but at 33/1 (34.0) to win the tournament it shows how little faith the bookmakers have in his side to pull off a shock.

Champions League Winner
Team Pre-Draw Post-Draw
Bayern Munich 2/1 9/5
Real Madrid 7/2 3/1
Barcelona 7/2 7/2
Paris Saint-Germain 10/1 10/1
Chelsea 11/1 11/1
Atletico Madrid 14/1 20/1
Borussia Dortmund 14/1 25/1
Manchester United 16/1 33/1
Barcelona were first out of the draw and they will face fellow La Liga side Atletico Madrid.

The two teams have been tough to separate in recent times with the last three meetings in all competitions ending level after 90 minutes. The Catalan giants are priced at 7/2 (3.50), the same as their price before the draw took placed while Diego Simeone's men are priced at 20/1 (21.0) by Paddy Power.

The bookmakers clearly believe that it is Barcelona who hold a significant advantage over Atletico over two legs but it will remain to be seen if punters share that view, especially with Barcelona's recent decline seeing them slip from the top of La Liga down to third place.

Last season's beaten finalists Borussia Dortmund are widely expected to be one of the "weaker" teams because of the amount of injury and suspension worries that manager Jurgen Klopp will have to deal with.

Dortmund have been drawn against Real Madrid and have seen their price to go one step further than last season drfit from 14/1 (15.0) to 25/1 (26.0).

Carlo Ancelotti's team have been in prolific form of late and with their position strengthening at the top of the La Liga table it is no surprise to see them clipped from pre-draw quotes of 7/2 (4.50) into 3/1 (4.0) by Paddy Power.

Chelsea had a relatively straightforward last 16 clash against Galatasaray but their path to potential European glory looks a little more difficult now, having been drawn against Paris Saint-German.

Jose Mourinho spoke about his side being one of the teams that other clubs would want at this stage and that sentiment, however tounge-in-cheek, looks sure to be tested by Laurent Blanc's men who have been beaten just once in Ligue 1 this campaign and breezed past Bayer Leverkusen in the previous round, winning 6-1 on aggregate.

The Blues are out to 11/1 (12.0) to win the tournament, a minor move in the circumstances, while PSG's pre-draw price of 10/1 (11.0) has remained steady with Paddy Power

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