After completing the group stage fixtures, 16 teams will find out their fate on Monday during the 2014/15 UEFA Champions League Round of 16 draw in Nyon on Monday.
Where to watch live
The draw starts at 11am GMT. Live coverage will be available on British Eurosport. The draw will be streamed live on UEFA.com.
Defending champions Real Madrid won the championship after defeating local rivals Atletico Madrid last season. Both Spanish capital clubs have progressed to the second round of Europe's elite club competition after finishing on top in their respective groups.
Premier League giants Chelsea have also made it to the last 16 by topping their group, while their London rivals Arsenal sit second on the table after losing the top spot to Borussia Dortmund in Group D.
Premier League champions, Manchester City qualified after defeating AS Roma in the final group stage fixture. However, Liverpool crashed out of the Champions League and will now feature in the Europa League after finishing third in Group B.
The draw will consist of two pots, one consisting of the group winners and the runners up will be placed in the second pot. No team will face a club from the same group or the same association.
Seeded group winners will be away in the round of 16 first legs, which will be played on 17-18 February and 24-25 February. The return leg will be played at home on 10-11 March and 17-18 March.
The Champions League quarter final draw will be held on 20 March.
Group winners: Atletico Madrid, Real Madrid, AS Monaco, Borussia Dortmund, Bayern Munich, Barcelona, Chelsea, FC Porto.
Runners-up: Juventus, FC Basel, Bayer Leverkusen, Arsenal, Manchester City, Paris Saint-Germain, Schalke, Shakhtar Donetsk.