Arsenal have been drawn against Bayern Munich in the quarter-finals of the Champions League, while Manchester City will play Real Madrid.
The Gunners will host German side Bayern, who have England captain Harry Kane in their squad, at Emirates Stadium in the first leg.
Meanwhile, this is the third successive season City have met Spanish side Real in the knockout stages.
The first legs take place 9-10 April, with the second legs on 16-17 April.
If Arsenal and City win their ties the two Premier League clubs will face each other in the semi-finals.
Quarter-finals draw:
Arsenal Vs. Bayern Munich
Atletico Madrid Vs. Dortmund
Paris St-Germain Vs. Barcelona
Real Madrid Vs. Manchester City
Semi-finals draw
Atletico Madrid or Borussia Dortmund Vs. Paris St-Germain or Barcelona
Arsenal or Bayern Munich Vs. Real Madrid or Manchester City