When is the Champions League Draw? Date, format, and teams qualified for the quarterfinals

Manchester United went tumbling out of the Champions League this evening against Atleti and we're now just waiting for tomorrow night's results to find out which eight teams will be in the quarterfinals looking to make it to the final of European soccer's biggest tournament.

Champions League: Villarreal stun Juve

Liverpool, Bayern Munich, Real Madrid and Manchester City went through last week, and were joined by Atlético Madrid and Benfica on Tuesday. The final two ties were decided on Wednesday - Chelsea came from behind to beat Lille while Villarreal savoured an historic night by beating two-time winners Juventus 0-3 in Turin to complete the last eight. The draw will be held on Friday, March 18.

When is the Champions League quarterfinal draw?

The draw will be held on Friday, March 18 at 6 a.m. ET. (12 noon local time, CET) at UEFA's headquarters in Nyon, Switzerland.

Format: How does the draw for the quarterfinals, semifinals, and final work?

The draw will determine the remaining Champions League rounds. Upon its conclusion, we will know the last four matchups for the quarterfinals, the path to the semifinals, and who will be the home team in the final of the tournament.

At this stage the draw is completely open, meaning any team can face any team regardless of their nationality or whether those teams played each other in the first phase, unlike the draw which determined the round-of-16.

The decision on which team plays at home in the first leg, which is of less importance now the away goals rule has been scrapped, is decided by which team comes out of the pot first.

The team designated at home in the final will be decided by a draw, taking place on 18 March once the main draw has been carried out.

UEFA, for security reasons, will change the schedule to avoid games in the same city on the same day. For example, two teams from the same city, say Atlético Madrid and Real Madrid, couldn’t end up playing at home on the same day. That won't affect the draw itself however, simply the schedule that's drawn up after the draw has taken place.

How to watch the Champions League Draw

As always, UEFA will broadcast the draw on their official channels. You can watch on TV or live stream on CBS Sports HQ and Paramount Plus. You can also follow the draw with live analysis here on AS USA.

Champions League Round of 16 Qualified teams

BAYERN MUNICH 8-2 Salzburg (1-1 in Austria and 7-1 in Germany)

LIVERPOOL 2-1 Inter (0-2 in Italy and 0-1 in England)

PSG 2-3 REAL MADRID (1-0 in France and 3-1 in Spain)

Sporting 0-5 MANCHESTER CITY (0-5 in Portugal and 0-0 in England)

Manchester United 1-2 ATLÉTICO MADRID (1-1 in Spain and 0-1 in England)

Ajax 2-3 BENFICA (2-2 in the Portugal and 0-1 in the Netherlands)

CHELSEA 4-1 Lille

VILLARREAL 4-1 Juventus

*In caps - qualified teams; In bold - game already concluded

Teams that have already qualified for the Champions League quarterfinals

Bayern Munich

Liverpool

Real Madrid

Manchester City

Atlético Madrid

Benfica

Chelsea

Villarreal

Champions League Match days

March 15 and 16: round-of-16 second leg

April 5 and 6: quarterfinals first leg

April 12 and 13: quarterfinals first legs

April 26 and 27: semifinals first leg

May 3 and 4: semifinals second leg

May 28: final

Where will the final be played?

The Champions League Final will be held on May 28 at Stade de France in Paris, France. UEFA decided to move the final from St. Petersburg after the Russian invasion of Ukraine. Paris was chosen on the basis of it being most likely to be neutral territory because France had only two teams among the 16 remaining, and therefore a lower chance of a team in the final. WIth PSG now out, Lille is the only French team left in the competition.