To add to this, this is what we're currently looking at:
Arsenal v Leverkusen or Dortmund (beating Atalanta 2-0 on agg, away tonight)
Bayern v Leverkusen or Dortmund (beating Atalanta 2-0 on agg, away tonight)
Liverpool v Atletico or Galatasaray (beating Juventus 5-2 on agg, away tonight)
Spurs v Atletico or Galatasaray (beating Juventus 5-2 on agg, away tonight)
Barcelona v Newcastle or PSG (beating Monaco 3-2 on agg, home tonight)
Chelsea v Newcastle or PSG (beating Monaco 3-2 on agg, home tonight)
Sporting v Bodo/Glimt or Real Madrid (beating Benfica 1-0 on agg, home tonight)
City v Bodo/Glimt or Real Madrid (beating Benfica 1-0 on agg, home tonight)
Best draw probably looking something like this:
L16: Bodo/Glimt
QF: Arsenal/Leverkusen
SF: Spurs/Galatasaray or Chelsea/Newcastle
F: Bayern/Dortmund, Liverpool/Atletico, Barcelona/PSG, Sporting/Real Madrid
I think there's an argument to play Arsenal in the QF.
Obviously them and Bayern are interchangeable.