The general manager believes that it will be tough tie but that it is good for his side...
The Spaniards will face Arsenal in the quarter-finals and will no doubt be hoping to turn the tables on them after defeat a few seasons ago.
Llaneza told Marca that he knows it will be hard but that he thinks it is still a good draw for Villarreal.
"It is a good draw...but is still cannot said to be easy. If they recover Cesc [Fabregas] it will be even more difficult," he mused.
Certainly it is a well matched tie and even though Manuel Pellegrini did not want to speak about revenge earlier today, Llaneza hinted that they do want to make up for that defeat a few years back.
"We have a chance to make up for the defeat in the semi-final and now we are going to see if we are capable of doing it," he explained.
"Even though the second leg is away and against a team as difficult as Arsenal, I believe in our chances."
Llaneza also spoke about goalkeeper Diego Lopez, who was called up to the Spanish national team today.
Even though at the time there were some who said Villarreal paid over the odds for him, the general manager believes he is paying his way.
"We knew that Diego Lopez was a great goalkeeper when we signed him and now that is being shown," he concluded.
James Walker-Roberts, Goal.com