Champions League draw LIVE: 2026-27 league phase fixtures, schedule

Arsenal face mouthwatering assignments against Real Madrid and Bayern Munich as they bid to go one better than last season’s agonising near miss and win a first Champions League title.

Yet with new manager Andoni Iraola in the Anfield dugout, Reds fans will be dreaming of another deep European run this season.

Two-time defending champions Paris Saint-Germain will host Manchester City and travel to Barcelona in the Champions League this season, after the 36-team draw was made Thursday.

PSG, who beat Arsenal on penalties in May to retain the trophy, will host Barcelona, Roma, Turkish champions Galatasaray and Slovan Bratislava of Slovakia.