English league champions Chelsea will welcome Spanish side Valencia in the first leg, while Liverpool will have a trip to Ronald Koeman's PSV Eindhoven. Koeman will be looking for yet another English prey after dumping out Manchester United and Liverpool lat season and Arsenal this season.

However Benitez will take some heart from the fact that his side has not lost to PSV in the group stages, beating them 2-0 at Anfield and playing out a 0-0 draw in Holland. If results go right, then we will have a repeat of the 2005 semi final clash with Liverpool facing Chelsea. Liverpool defeated the London club in the two legs, ultimately winning the title.

Benitez said that he will not be taking PSV lightly and will learn from the fact that they have already claimed one English scalp. "PSV are a very good team. They have improved since we last met and showed their quality by beating Arsenal. There are no favourites", he said.

On the other end of the spectrum, German side Bayern Munich will be facing a tough ride to AC Milan, who huffed and puffed in their way to the quarterfinals. Manchester United are pitted with AS Roma as Ferguson looks to win his first European trophy since his famous treble win in 1999.

Ferguson though was cautious about the draw, saying that Roma were a quality side and his team will have to work hard to advance in the competition. "We respect Roma's result against Lyon, they have great players like Daniele De Rossi and Mancini. Obviously we do not look beyond this game. We must concentrate on this game and we are looking forward to it", he added.

Quarter Finals:

AC Milan v Bayern Munich
(First leg 3 April, second leg 11 April)
PSV Eindhoven v Liverpool
(First leg 3 April, second leg 11 April)
Roma v Manchester United
(First leg 4 April, second leg 10 April)
Chelsea v Valencia
(First leg 4 April, second leg 10 April)

Semi Finals:

Roma or Manchester United v AC Milan or Bayern Munich
(First leg 24 April, second leg 2 May)
Chelsea or Valencia v PSV Eindhoven or Liverpool
(First leg 25 April, second leg 1 May)
 

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