Bayern in Gunners' crosshairs
City struggling
Reigning European champion Real Madrid will face Napoli as it looks to win the trophy for a record 12th time, while Pep Guardiola's Manchester City faces a difficult two-legged encounter against Monaco.
City, currently struggling for form, cannot afford to take the principality side lightly - it is the most prolific squad in Europe's leading leagues this season and has beaten Arsenal and Tottenham Hotspur in the Champions League in the past two years.
"We are happy to be here; we have avoided Real Madrid and Barcelona," City's director of soccer Txiki Begiristain told BT Sport.
"Monaco is playing probably the best football in France now. In a group with Tottenham and Bayer Leverkusen, they were top and they have talented young players."
Monaco coach Leonardo Jardim said: "Manchester City is looking to win the Champions League. We are not the favorites, but we believe in our qualities."
Premier League champion Leicester City will take on last season's Europa League winner Sevilla as a reward for topping its group in its debut appearance in the competition, with a visit to Sanchez Pizjuan stadium in the first leg.
Leicester's European form - an English-record 5-0 loss at Porto last week apart - has provided a welcome tonic amid a poor defense of its domestic title, and manager Claudio Ranieri said his team remains the underdog.
"Whoever we played would have been a tough opponent, but I think all the teams who arrived second will have wanted to play against us and I know that we will be the underdogs once again. Always we are underdogs, every time," Ranieri told the club's website.
Atletico Madrid, runner-up to city rival Real in two of the past three seasons, was drawn against Germany's Bayer Leverkusen in a repeat of its clash at the same stage in 2014-15.
On that occasion, Atletico emerged victorious after a tense penalty shootout.
Two-time winner Juventus was drawn against Porto, while Borussia Dortmund also faces Portuguese opposition in the shape of Benfica.
The first legs will be played on Feb 14, 15, 21 and 22, with the second legs on March 7, 8, 14 and 15.