Heard suggestions it will be discussed by UEFA this week. As it stands;
Aug 8 - Real Madrid 2nd Leg
Aug 15 - One Legged Quarter Final
Aug 22 - One Legged Semi Final
Aug 29 - Final
All games likely to be played at one location (press have speculated various German cities, Lisbon, or Istanbul where the final was originally going to be).
I'd prefer they play them in Hungary or Poland where they have started letting supporters back in to the games (or will have done by August). Not sure how keen they would be on welcoming (potentially) thousands of English supporters though given we have not got it anywhere near under control in comparison. I think they should play the games in a shorter space of time too, so there is a bit of a gap before the next season (rumoured to start on 19th September).