Manchester City's league phase opponents are: PSG (home), Barcelona (away), Sporting Club (home), Porto (away), Napoli (home), Leipzig (away), AEK Athens (home), Lens (away).

The next team drawn is Manchester City. Time for David Villa to hit that button.

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David Villa presses a button to reveal Real Madrid's opponents.

They are: Inter Milan (home), Arsenal (away), PSV (home), Roma (away), Leipzig (home), Shakhtar (away), LASK (home), AEK Athens (away).

Thierry Henry pulls out the first ball. It is Real Madrid!

Who will they play?

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Liverpool, Real Madrid, Inter Milan and Arsenal are among the 36 teams that will feature in Thursday's league phase draw for the 2026-27 Champions League.

The quartet of clubs, who are all multi-time Champions League finalists, will all feature in pot one of the draw. It effectively means they are all in Uefa's nine best-rated clubs that are featuring in the league phase of this season's competition.

However, a new rule introduced by Uefa for this season will limit a fixture possibility that affects all four clubs.

The league phase was introduced at the start of the 2024-25, and sees each team play eight times. Those matches consist of eight different opponents, with two coming from each of the four pots. Each team plays a home and away match against a team from each pot.

But starting from this year, a team is not permitted to host a side that they have previously played a league phase home match against in each of the previous two seasons.

Only two potential fixtures meet that criteria ahead of Thursday's draw. They are Liverpool vs Real Madrid and Inter Milan vs Arsenal.

Image source, Reuters

Giorgio Marchetti, the deputy secretary general of Uefa, is on the stage and announces the draw will begin after a short explainer video.

Here we go...

It is time for the draw. That was quick.

• Viking (Norway)
• Slovan Bratislava (Slovakia)
• Slavia Prague (Czech Republic)
• VfB Stuttgart (Germany)
• LASK (Austria)
• AEK Athens (Greece)
• Como (Italy)
• Lens (France)
• Sabah (Azerbaijan)

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Thierry Henry on winning the Uefa President's Award and his experiences playing in the Champions League final: "Bad. First pain, I was at home in Paris. I didn't grow up far from the stadium. It was very difficult. We had a good run. Young team, we had a lot of players injured that season. It was a tough one. It's always something that's going to haunt me. I am an Arsenal fan and I couldn't deliver it to the team I support.

"Then you go back to what life is, you battle, you never give up, you try and get better, and that's what happened in 2009. We went and won everything.

"It's almost the story of life. You fail, you get up, you use that step to make sure you climb the mountain again and reach the peak."

• Feyenoord (Netherlands)
• Lille (France)
• Bodo/Glimt (Norway)
• Napoli (Italy)
• RB Leipzig (Germany)
• Villarreal (Spain)
• Shakhtar Donetsk (Ukraine)
• Galatasaray (Turkey)
• Fenerbahce (Turkey)

Thierry Henry stays on the stage as he is doing the draw.

We've been told it is starting shortly.

Former Barcelona forward David Villa joins him.

Thierry Henry is discussing the "pain" of losing the 2006 Champions League final with Arsenal.

"It is the story of life," Henry said about coming back and winning the competition for Barcelona in 2009.

Time for another award now - the Uefa President's Award.

This is handed out every year and previous winners include Bobby Robson, Johan Cruyff, David Beckham and Didier Drogba.

"I have selected Thierry Henry," Ceferin says of this year's winner.

Henry is in Monaco to accept the award.

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PSG

PSG captain Marquinhos - via a video message - on winning the Uefa Respect Beyond the Game Award after consoling Arsenal's Gabriel when he missed the decisive penalty in the Champions League final: "I would like to thank you for this trophy. It makes me really happy. Fair play is an essential part of both football and daily life and I will keep being respectful this year towards my team-mates, my opponents, the referees and everyone else who is involved in the game, in football.

"I'm very happy and honoured to be given this trophy."

Marquinhos is not here to accept the award, but he has recorded a video message.

Paris St-Germain captain Marquinhos wins the award for consoling Gabriel Magalhaes, who missed a penalty, at full-time of the Champions League final.

Before we get going, Uefa president Aleksander Ceferin joins them to give details of a new award - The Respect Beyond the Game award.

"We wanted to create a new award that we give to the player that did something extraordinary on the field," he says.

Broadcaster Reshmin Chowdhury is hosting the event alongside Pedro Pinto.

They are on stage to announce the winner of the first award.

Arsenal, Aston Villa, Liverpool, Manchester City and Manchester United will learn their Champions League opponents today.

There are five Premier League teams in the draw, along with five teams from La Liga.

That is because both leagues earned European Performance Spots, awarded to the two associations with the best collective performance across the Champions League, Europa League and Conference League.

By finishing fifth in their respective leagues, Liverpool and Real Betis were the two teams to benefit.