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City 7/42.75 outright Champions League favourites
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Arsenal 11/26.50 second favs but must beat Bayern Munich
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Premier League clubs will meet in semis if they win ties
Manchester City and Arsenal will meet in the semi-finals of the Champions League if they win their respective last eight ties against Real Madrid and Bayern Munich.
City are 7/42.75 to retain European club football's biggest prize but to do so they will have to get past the only team to achieved that feat in the Champions League era.
It will be the third successive season in which Pep Guardiola's men have played the Spanish giants. Two years ago, Madrid eliminated City in the semi-finals but the Premier League club got their revenge at the same stage last season en route to lifting the trophy.
England star Jude Bellingham will be among the Madristas hoping knock-out City and set Los Blancos on the path to a 15th title for which they can be backed at 6/17.00.
Madrid have only won one of their last six UEFA Champions League matches against City (D1 L4). Carlo Ancelotti's men will hope to improve on that record in the first leg in the Spanish capital on Wednesday 10 April.
The second leg will take place six days later at the Etihad Stadium.
Kane will be Gunning for old foes
Harry Kane is coming back to north London after Bayern Munich were drawn against Arsenal.
The Gunners are 11/26.50 second favourites in the outright winner market but, even though Bayern have endured a difficult season under Thomas Tuchel, the English side will face a tough tie.

Arsenal are odds-on to win the first leg at the Emirates on 9 April. Kane, however, will have different ideas. He scored 14 goals in 19 games against Arsenal for previous club Spurs, including five goals in nine appearances against them at the Emirates Stadium.
You will be able to hear the cheers on the other side of north London if the England captain strikes at the Emirates next month.
Luis Enrique's PSG take on Barca
In Luis Enrique, Paris Saint-Germain have a manager who has done what the French club are desperate to do: win the Champions League. They are 15/28.50 to do it this year after drawing Barcelona, the team Enrique steered to glory in this competition in 2015.
The French champions are favourites to win the first leg in Paris before going to Camp Nou the following week. Enrique will be up against his former-player, Xavi, who is now the Barca boss.
The teams have met 12 times previously in the UEFA Champions League with the head-to-head record perfectly balanced at four wins each and four draws.
Finally, the two longest-priced teams in the outright winner market - Atletico Madrid 12/113.00 and Borussia Dortmund 22/123.00 - will meet in the quarter-finals.
Atleti have been as far as the final of this competition under Diego Simeone and will fancy their chances of reaching the last four this season.