The Champions League has been revamped for this season with the introduction of a league stage - and English clubs have already earned a significant sum.

Arsenal, Manchester City, Liverpool and Aston Villa have learned their fates for the next stage of the Champions League following the conclusion of the league phase. Liverpool had already guaranteed a top-eight spot and a place in the last-16 having won their first seven games in this year’s competition.

Arsenal are closing in on a huge financial boost as the League Phase of the Champions League concludes this evening. The Gunners need just a point away at Girona to join Premier League rivals

Manchester City face a blockbuster Champions League play-off tie against Real Madrid or Bayern Munich after scraping through the new league phase with a 3-1 victory over Club Brugge.

Liverpool will take on either Paris Saint Germain, Benfica, AS Monaco or Brest in the round of 16. Mikel Arteta's Arsenal side will await one team out of AC Milan, PSV Eindhoven, Feyenoord or Juventus. Villa will take on either Borussia Dortmund, Atalanta, Club Brugge or Sporting Clube de Portugal.

The possible Champions League round of 16 opponents for Premier League sides have been revealed as Arsenal, Manchester City, Liverpool & Aston Villa qualify.

Arsenal are well set to qualify for the last 16 of the Champions League ahead of the final night of action in the league phase

The Champions League knockout phase is nearly here but 16 teams will need to go through the play-offs in order to reach the next round of the tournament. The new Champions League format, used for the first time this season,