Munich - All three Bundesliga representatives in this season's UEFA Champions League face tricky but manageable ties in the last 16, with FC Bayern Munich, Borussia Dortmund and FC Schalke 04 all avoiding the so-called 'big sides' in Thursday's draw in Nyon, Switzerland.

Last season's runners-up FC Bayern will take on ex-striker Lukas Podolski and his new club Arsenal FC in the pick of the Round of 16 ties involving Bundesliga teams. "It's a draw that we can be satisfied with," said Bayern chairman Karl-Heinz Rummenigge. "I'd make us slight favourites, but we can't make the mistake of underestimating our opponents." It will be the fifth time Bayern have faced Arsenal in the competition after previously recording two wins, a draw and a loss against the Londoners.

Air miles for BVB

Elsewhere Borussia Dortmund, who were firing on all cylinders during the group stages, have been handed a tricky tie against another fellow domestic champions in the form of reigning Ukrainian title-holders FC Shakhtar Donetsk. "It wasn't exactly the opponent we had hoped for," admitted chief executive Hans-Joachim Watzke in Nyon. "It will be a tough task, but we proved in the group stages that we're capable of beating difficult opposition. It may even be to our advantage that the Ukrainian league starts a little later." Dortmund currently boast a 100 per cent record against Shakhtar having won both of their previous two encounters in the Champions League.

Schalke, meanwhile, take on Turkish giants Galatasaray SK, who have Gelsenkirchen native and former Royal Blue Hamit Altintop within their ranks. "In the Champions League Round of 16, there are no easy opponents," said interim coach Jens Keller. "Still, I definitely think we have a chance of reaching the quarter finals if we perform to the level we know we're capable of."

The UEFA Champions League Round of 16 draw in full:

Galatasaray AS vs. FC Schalke 04

Celtic FC vs. Juventus FC

Arsenal FC vs. FC Bayern Munich

Shakhtar Donetsk vs. Borussia Dortmund

AC Milan vs. FC Barcelona

Real Madrid CF vs. Manchester United

Valencia CF vs. Paris Saint-Germain FC

FC Porto vs. Malaga CF

Live coverage:

11:55 Thanks for joining us during the UEFA Champions League draw. We'll be back at 14:00 CET with four German sides set to learn their fate in the UEFA Europa League.

11:51 Closing out the draw Porto are handed a tie against Malaga, who are making their first ever appearance in the Champions League knockout rounds.

11:50 Valencia, who finished second in Group F behind FC Bayern, are due to take on Paris Saint-Germain.

11:49 AC Milan have been drawn against Barcelona, while their fellow Spaniards Real Madrid have been pitted against Manchester United.

11:47 All three German teams have been drawn as Borussia Dortmund are handed an unenviable tie against Shakhtar Donetsk.

11:46FC Bayern Munich, last year's runners-up will travel to London to face Arsenal.

11:45 Dortmund's Kevin Großkreutz doesn't get his wish as Celtic are pitted against Italian champions Juventus.

11:44 Galatasary are the first team to emerge from the bowl and are immediately drawn against FC Schalke 04. Exactly how it was in the rehearsal.

11:42 The last few formalities are now being taken care of. Tweet us @Bundesliga_GOAL to give us your thoughts on proceedings.

11:39 The 2013 UEFA Champions League final ambassador believes lifting the trophy is the "pinnacle" for any professional footballer.

11:38 Former Liverpool and Real Madrid midfielder Steve McManaman, the first Englishman to win the Champions League with a foreign team, is now being welcomed to the stage to assist with the draw.

11:37 All three clubs will no doubt be watching on with avid anticipation.

11:36 The group stages really threw up some great moments, especially for Bayern, Dortmund and Schalke.

11:34 Now we're getting a chance to rewatch the action from the group stages.

11:32 UEFA General Secretary Gianni Infantino is giving his customary pre-draw introduction, introducing several stars, including Steve McManaman, who will be acting as the ambassador for the final.

11:31 There's nothing better to get you in the mood for such a prestigious event as the Champions League intro music.

11:30 The tension is building and we'll be getting underway with the draw any second now.

11:29FC Schalke 04 built on their impressive UEFA Europa League campaign from last season by topping Group B. Following in the footsteps of their Ruhr district rivals, the Royal Blues finished the group stages without having suffered defeat. Though they looked shaky at times on home soil against the likes of Montpellier, their away form saw them through. A 2-0 win against Arsenal in London was easily the highlight for Klaas-Jan Huntelaar and Co.

11:28 Thrown in at the deep end in the so-called 'Group of Death' Borussia Dortmund surprised many non-Bundesliga fans with their attractive style of play and incredible work ethic. BVB remained undefeated in Group D, beating the current title-holders from Spain, England and the Netherlands in the process. Jürgen Klopp's side have received praise from all corners as a result, but have been adamant about keeping their feet on the ground as they enter the Round of 16.

11:26FC Bayern banished memories of a painful defeat on home soil in last season's final, but went to the wire in pipping Valencia to top spot in Group F. Jupp Heynckes' side suffered a minor setback against BATE Borisov, but recovered well to calm any nerves. Die Münchner were in particularly formidable form on home soil where they won all three games, scoring twelve goals and conceding just three in the process.

11:22 The rehearsal draw took place yesterday as all three German sides were drawn opposite sides they would be considered favourites against. Bayern were pitted against Arsenal, Dortmund drew Shakhtar Donetsk and Schalke came out against Galatasaray. However, we'll have to wait and see if the real thing is as kind to the Bundesliga sides.

11:20Borussia Dortmund's potential opponents: FC Porto, Arsenal, AC Milan, Shakhtar Donetsk, Valencia, Celtic, Galatasaray.

Bayern Munich's potential opponents: Porto, Arsenal, AC Milan, Real Madrid, Shakhtar Donetsk, Celtic, Galatasaray.

FC Schalke 04's potential opponents: Porto, AC Milan, Real Madrid, FC Shakhtar Donetsk, Valencia, Celtic, Galatasaray.

11:18Dortmund and Bayern are two of nine remaining former European champions left in the draw. Here's a quick look at the potential permutations that the draw has to offer for the best of the Bundesliga.

11:15 Hello and welcome to's LIVE coverage of the UEFA Champions League draw in Nyon, where three German representatives are anxiously waiting to learn their fate in Europe's elite competition. We'll have updates every couple of minutes, so keep refreshing this page using the button above to keep on top of all the latest goings on from the UEFA headquarters...

No one can deny that Germany's three representatives deserve their place in the knockout stages of the competition as FC Bayern Munich, Borussia Dortmund and FC Schalke 04 all finished top of their respective groups. Their reward an away tie in the first leg of the Round of 16, the draw for which will begin at 11:30 CET.

The first legs of the Champions League last-16 ties will played on 12-13 and 19-20 February, with the second legs on 5-6 and 12-13 March.

Group winners: Paris Saint-Germain FC, FC Schalke 04, Malaga CF, Borussia Dortmund, Juventus FC, FC Bayern Munich, FC Barcelona, Manchester United

Group runners-up: FC Porto, Arsenal FC, AC Milan, Real Madrid CF, FC Shakhtar Donetsk, Valencia CF, Celtic FC, Galatasaray AS

The final of the 2012/13 Champions League will be played at Wembley Stadium on 25 May next year.