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Bayern made Champions favorite
The draw for the UEFA Champions League took place on Monday, Dec. 16.

The eight matchups for the knockout round are listed below:

Bayer Leverkusen vs. Paris Saint-Germain
Manchester City vs. Barcelona
AC Milan vs. Atletico Madrid
Arsenal vs. Bayern Munich
Zenit St Petersburg vs. Borussia Dortmund
Olympiakos vs. Manchester United
Galatasaray vs. Chelsea
Schalke 04 vs. Real Madrid

The teams will play two games against one another, with each team playing one leg at home. The team that scores more goals on agfregate over the two legs will advance to the next round.

The first leg of the 16-team knockout phase will begin on Feb. 18 and concluded on Mar. 19

The winning eight teams will advance to the quarterfinals and face another draw on Mar. 21.

Odds to win the 2013-14 UEFA Champions League (5/24/13)
Provided by the LVH SuperBook

Bayern Munich 9/4
Barcelona 9/2
Real Madrid 9/2
Borussia Dortmund 10/1
Chelsea 12/1
Paris Saint-Germain 12/1
Manchester United 15/1
Manchester City 15/1
Atletico Madrid 15/1
Arsenal 30/1
AC Milan 60/1
Bayer Leverkusen 100/1
Galatasaray 150/1
Schalke 04 250/1
Zenit St. Petersburgh 250/1
Olympiacos 300/1

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