The likes of Manchester City, Juventus, Bayern Munich and Real Madrid would be very much satisfied with the draw, while Barcelona and Chelsea will be scratching their heads to figure a way out of this one.
Neymar will return to Barcelona for the very first time since he left, for a mouth watering clash between PSG and Barcelona.
Related: UEFA Champions League group stage records
Check out Champions League last-16 draw below:
Borussia Monchengladbach v Manchester City
Lazio v Bayern Munich
Atletico Madrid v Chelsea
RB Leipzig v Liverpool
Porto v Juventus
Barcelona v Paris St-Germain
Sevilla v Borussia Dortmund
Atalanta v Real Madrid
According to BBC Sports, the first legs will take place on 16, 17, 23 and 24 February 2021, while the second legs will be played on 9, 10, 16, 17 March. Seeded teams will play away for the first leg before being at home for the return matches.