The quarter-final line-up
Arsenal v Liverpool
Roma v Manchester United
Schalke v Barcelona
Fenerbahce v Chelsea
If United see off Roma - who they thrashed 7-1 at Old Trafford in the last eight a year ago - they would take on the winner of Schalke versus Barcelona in the semi-finals.
The quarter-finals will be played on April 1/2 and 8/9.
Rick Parry, the Liverpool chief executive, admitted that Arsenal were not the team he had hoped to face. The clubs were the first two names out of the hat.
He said: “We"d hoped to avoid the English teams at this stage but statistically there were bound to be two coming together and unfortunately it"s us."
Parry does not expect the two games to differ from their league meetings. “It"ll be very similar," he added. “We know them extremely well and they know us.
“The three games are going to very, very tight. I don"t think the Champions League is going to be any different, it"s tough. We've successfully avoided a trip to Turkey, so that"s a bonus.