Champions League knockout-stage draw betting reaction, odds & analysis

Manchester City remain favourites to win the Champions League but they have drifted to lift the trophy for the first time after being paired with Real Madrid in the last-16 draw.

Pep Guardiola's side, 7-2 shots for European glory, will have to find a path past the 13-time winners to reach the quarter-finals in a mouthwatering tie.

Holders Liverpool are 5-1 to retain the trophy after being given a difficult assignment against Atletico Madrid, while Chelsea drifted to 50-1 after being paired with German giants Bayern Munich.

There was better news for Tottenham. Spurs face a tricky tie against Leipzig but they are favourites to reach the quarter-finals and Jose Mourinho's men are available at 22-1 to win the European Cup.

Barcelona were cut to 11-2 as they get ready to face Napoli, while Paris St-Germain have drifted to 15-2. They meet Borussia Dortmund.

Juventus, 12-1 to win the Champions League, will be delighted to be facing Lyon, and whoever comes through the Atalanta versus Valencia tie will be the team everyone else wants to draw at the quarter-final stage.

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