But with the likes of Real Madrid, Barcelona and Bayern Munich already booking their quarterfinal spots, Hazard has downplayed Chelsea's chances of winning the Champions League for a second time.
"I think there are teams better equipped to win [the Champions League]," Hazard told beIN Sports.
"We have a team with young players who do not have enough experience of high-intensity games. But we will do our best and we will go as far as possible."
Hazard did admit he would be delighted to draw Ligue 1 champion Paris Saint-Germain and return to France for the first time since joining Chelsea from Lille in 2012.
He added: "It would be a pleasure to face PSG, even if they are really strong and we have nothing to be envious of."