A kind draw for Arsenal
That's cause for celebration as far as the Gunners are concerned. The Russian side were 20/1 (21.0) outsiders to win the competition before the balls were drawn at Uefa headquarters and They’ve since drifted out to 25/1 (26.0).
Those back-to-back wins over Milan have quelled some of the very vocal dissent towards Wenger in recent weeks but there are still plenty of doubts over whether the Frenchman will see out the final year of his latest contract extension at the Emirates Stadium.
Should the club follow in Manchester United’s footsteps and ensure they’re playing at Europe’s top table again next season via this competition though, those prices might well reverse over the coming weeks.
Atletico remain the team to beat
Diego Simeone's side have been Champions League finalists twice in the past four years but find themselves in Europe's second tier competition after a disappointing group stage campaign.
The Spanish side are almost assured of a place back at Europe’s top table thanks to their La Liga form but the bookmakers still believe they’re the most likely winners of this tournament and Simeone has named strong line-ups to back up that confidence. Their 8-1 win over Lokomotiv Moscow was the perfect demonstration of why they’re so well fancied to go all the way.
Lazio (9/1) will face RB Salzburg (11/1) while RB Leipzig (9/1) have been drawn alongside Marseille (9/1). As the odds would suggest, those ties look extremely tight and the prospect of facing Atletico Madrid or Arsenal in the next round means it’s unlikely to get much easier for the chasing pack.