Liverpool and Arsenal set for huge funding boost as Champions League draw takes shape

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Daily Mirror IconSportFootballChampions LeagueNeed to knowAll the Premier League sides in the Champions League draw will receive a financial boost for making it to the round of 16Liverpool and Arsenal each qualified automatically for the Champions League knockouts(Image: BEN STANSALL, AFP via Getty Images)Everything you need to know about the Champions League round of 16Who's in the Champions League draw?: Arsenal topped the Champions League table and qualified automatically. They could face Galatasaray or Atletico Madrid.Chelsea's potential Champions League draw: The Blues have a tougher fight on their hands.

They also have Atletico or Galatasaray awaiting them in the round of 16.Who could Manchester City face?: City just made it into the top eight of the Champions League table, finishing one point ahead of potential round of 16 rival, Real Madrid. They will come up against Chelsea or Barcelona.How does the Champions League draw work?: The Champions League draw has shifted away from the traditional "random pots" format to a bracket-based structure, comparable to a tennis tournament.

You may witness an all-Premier League or all-La Liga encounter as early as the round of 16.Seeded teams' advantage: Those who have finished in the top eight of the Champions League standings will hold an advantage over their opponents. They will play the second leg at home.READ MORE ABOUT THE CHAMPIONS LEAGUE DRAW HERE: Champions League last-16 draw as Premier League clubs learn potential opponents