The UEFA Champions League 2026 knockout phase is set to kick off, and the play-off round promises to bring intense action. With 16 teams still vying for the title, there’s a lot to look forward to. From the fixtures to the odds, here’s everything you need to know ahead of the exciting play-offs.
Champions League 2026 Play-off Draw: Matches and Teams
The group stage has concluded, and while the top eight teams automatically advance to the last 16, the remaining eight spots are up for grabs through the play-offs. These matches will be played between the teams that finished 9th to 24th in the league stage.
Here are the odds from Bet365 for each of the play-off matchups, showing the teams most likely to progress.
- Benfica: +350 | Real Madrid: -500
- Bodo/Glimt: +350 | Inter Milan: -500
- Borussia Dortmund: +100 | Atalanta: -133
- Club Brugge: +400 | Atletico Madrid: -600
- FK Qarabag: +1200 | Newcastle: -2500
- Galatasaray: +225 | Juventus: -300
- Monaco: +700 | PSG: -925
- Olympiakos: +120 | Bayer Leverkusen: -165
The first legs will take place on February 17 and 18, 2026, followed by the second legs on February 24 and 25, 2026.
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Champions League Winner Odds
In addition to the play-off odds, Bet365 has updated the odds for teams to win the 2026 UEFA Champions League trophy:
- Arsenal: +350
- Barcelona: +750
- Real Madrid: +1200
- Tottenham: +3300
- Sporting: +6500
- Atalanta: +8000
- Galatasaray: +15000
- Club Brugge: +25000
- Bayern Munich: +450
- PSG: +850
- Chelsea: +1800
- Atletico Madrid: +4000
- Juventus: +6500
- Bayer Leverkusen: +8000
- Monaco: +15000
- Bodo/Glimt: +35000
- Manchester City: +750
- Liverpool: +1100
- Inter Milan: +2500
- Newcastle: +4000
- Borussia Dortmund: +8000
- Benfica: +10000
- Olympiakos: +25000
- FK Qarabag: +50000
Champions League Knockout Phase Play-Off FAQ
When is the Champions League knockout phase play-off draw?
The draw for the knockout phase play-offs will take place after the league phase, with play-off matches scheduled for February 17, 18 (first legs) and February 24, 25 (second legs).
How do the play-offs work?
Teams ranked 9th to 24th in the league phase will compete in two-legged play-off matches. The winners will advance to the knockout stage, where they will join the top 8 teams.
Who are the favorites to progress to the knockout stage, according to Bet365?
Real Madrid, Inter Milan, PSG, Newcastle, Atletico Madrid, Juventus, Bayer Leverkusen, Borussia Dortmund.
Author:
Lucas Portela
Owner, BoldGambler • Avanhandava/SP
Oddsmaker, affiliate and content creator in the iGaming industry.