Liverpool could possibly face the following four teams - PSG, Benfica, Monaco or Brest. Arsenal could possibly face the following four teams - AC Milan, PSV, Feyenoord or Juventus. Aston Villa could possibly face the following four teams - Atalanta, Borussia Dortmund, Sporting Lisbon or Club Brugge.

Arsenal, Manchester City, Liverpool and Aston Villa have learned their fates for the next stage of the Champions League following the conclusion of the league phase. Liverpool had already guaranteed a top-eight spot and a place in the last-16 having won their first seven games in this year’s competition.

With the scores settled in the league phase of this season's Champions League, Arsenal and Liverpool now know their four potential opponents in the last 16. We'll be bringing you the very latest updates, pictures and video on this breaking news story.

The Champions League group stages were completed on Wednesday night. It has given fans a much better idea of who their teams will play in the knockout

Arsenal are closing in on a huge financial boost as the League Phase of the Champions League concludes this evening. The Gunners need just a point away at Girona to join Premier League rivals

The final round of Champions League fixtures sees all 36 teams in action at the same time, with the bottom 12 teams in the league phase suffering elimination from Europe

Liverpool is the favorite to win the Champions League, with Real Madrid and Arsenal just behind them. Check out the latest odds here.

Liverpool will have to wait to discover their Champions League round of 16 opponents after topping the league table

Liverpool, with a win, would cap off a perfect Champions League league phase winning all eight of their matches.