Update: Semi-final fixtures

Bayern Munich v Barcelona
Borussia Dortmund v Real Madrid

Click here for the IBTimes UK live blog on the Champions League semi final draw

Tournament favourites Barcelona and Bayern Munich join nine-time champions Real Madrid and this year's dark horses Borussia Dortmund in Friday's semi final draw in the UEFA Champions League, to be held in Nyon, in Switzerland.

UEFA Champions League

Where to Watch Draw Live

The draw starts at 11am BST, with Eurosport providing live coverage in the UK. Click here to watch the draw live online, via UEFA's official Web site

Overview

The top two clubs from La Liga and the Bundesliga are involved in the Champions League last four this season. Bayern were crowned German champions last week, after the Bavarians hammered Dortmund - winners in the last two seasons - to the title with a 20-point lead. Meanwhile, Barcelona are 13 points clear of Madrid in the Spanish title race, with just eight games to go.

Bayern, Barcelona and Madrid were all at this stage last season. Bayern beat Madrid on penalties in the first semi final, while Barcelona were eliminated by Chelsea. The Blues would go on to beat the Bavarians in the final in Munich. Dortmund, on the other hand, have had to wait 15 years to reach the last four of Europe's most elite competition.

First leg matches will be played on 23/24 April and the return games on 30 April/1 May. The open draw gives the possibility of an all-Spanish and all-German semi final set. But if Bayern and Dortmund and Barcelona and Madrid emerge paired in today's draw, the final will be between two clubs from the same nation. The last time that happened was in the 2007/08 season, when Manchester United beat Chelsea in Russia.

Incidentally, the last time there was an all-Spain final was in 1999/00 and that involved Madrid; they beat Valencia 3-0. And history will be made if Bayern and Dortmund contest the final, for there has never been a Champions League final between two German clubs. There have been three between German (including West German) and Spanish clubs though - Real Madrid v Eintracht Frankfurt in 1959/60, Bayern v Valencia in 2000/01 and Madrid v Bayer Leverkusen in 2001/02. Spanish clubs hold a 2-1 advantage in this count.

UEFA General Secretary Gianni Infantino will conduct the draw, assisted by former Manchester United and Real striker Ruud van Nistelrooy. The final will be played on Saturday 25 May, at 7.45pm BST, at Wembley, for the second time in three years.

Borussia Dortmund

Team to Watch: Borussia Dortmund

The Bundesliga side started their journey by topping the group of champions without losing a game, beating the likes of Madrid, Manchester City and Ajax. In the Round of 16, they got the better of the impressive Shakhtar Donetsk, beating them 5-2 on aggregate. And in the quarter final, the Borussians, who were trailing 1-2 to Malaga, scored twice in stoppage time to turn the tie around and progress to the semi final in breathtaking fashion. Dortmund are the only club who are unbeaten in Europe so far. Jurgen Klopp's men have been playing some spectacular attacking football and we have to admit they are now one of the favourites for the title.

Who would not fancy seeing a Dortmund v Barcelona final?

READ: UEFA Europa League Semi Final Draw: Where to Watch Live