The much-anticipated UEFA Champions League 2026 knockout phase is about to begin, and with it, the excitement of the play-off round. The 16 teams still in the hunt for the prestigious trophy are gearing up for some thrilling matches. Here’s a breakdown of the draw, including matchups and the odds for each game.
Champions League 2026 Knockout Phase Play-Off Draw: Teams and Fixtures
The league phase has concluded, and we know the top eight teams heading directly into the last 16. These include Arsenal, Bayern Munich, Liverpool, Tottenham, Barcelona, Chelsea, Sporting, and Manchester City. However, the remaining eight spots will be decided through a two-legged play-off between teams ranked 9th to 24th in the group stage.
Here are the matchups for the play-off phase and odds:
- 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 of these ties will be played on February 17-18, 2026, with the second legs scheduled for February 24-25, 2026.
How the Knockout Phase Works
The Champions League knockout phase follows a two-legged format. The winner of each play-off tie will join the top eight seeded teams in the last 16. These matches will determine who advances to the quarter-finals and beyond.
Champions League 2026: Odds to Win the Trophy
In addition to the play-off odds, here are the updated odds for teams to win the Champions League 2026:
- 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
Author:
Lucas Portela
Owner, BoldGambler • Avanhandava/SP
Oddsmaker, affiliate and content creator in the iGaming industry.