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Barcelona have been named 5/2 favourites to win the tournament and Real Madrid are available at 7/2, while Manchester United's draw sees them as 15/2 shots

Barcelona were handed a favourable group in the Champions League as they aim to secure a third title in five years. The Catalan giants have been drawn against Benfica, Spartak Moscow and Celtic. They are now 5/2 to win the tournament.

Of the English sides, Manchester United and Arsenal have both been cut in price, now available at 15/2 and 20/1 respectively, while Chelsea are unmoved at 14/1.

Champions League Winner
Team Pre-Draw Post-Draw
Barcelona 11/4  5/2
Real Madrid 7/2  7/2
Manchester City 7/1  9/1
Manchester United 11/1  15/2
Bayern Munich 12/1  12/1
Chelsea 14/1  14/1
PSG 18/1  16/1
Arsenal 25/1  20/1
The Red Devils were drawn with Braga, Galatasary and Cluj. The Gunners seemingly favourable draw sees them meet Schalke, Olympiakos and Montpellier.

The toughest group looks to be that of Real Madrid, Manchester City, Ajax and Borussia Dortmund. A group which contains four domestic champions from last season.

Madrid are still expected to progress priced at 7/2 to win the tournament but the draw has seen Manchester City pushed out to 9/1 by Paddy Power, a price that could prove very attractive for punters who believe Roberto Mancini's side can claim thier first Champions League title.

Paris Saint-Germain have also been snipped from 16/1 into 14/1 while beaten finalists Bayern Munich are unmoved at 12/1 following their draw against Valencia, Lille and BATE Borisov.

The three debutant teams remain at huge prices to claim a Champions League victory at the first time of asking.

After being forced to sell key players Santi Cazorla and Solomon Rondon this summer, Malaga are priced at 66/1 after the draw.

Montpellier are 125/1 shots and Danish side FC Nordsjaelland are still given almost no chance by the bookmakers, priced as they are at 1000/1.

They will line up against defending European champions Chelsea, Shakhtar Donetsk and Serie A winners Juventus.

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