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Liverpool will be in the pot for Friday's Champions League knockout stages draw (Photo by Valerio Pennicino - UEFA/UEFA via Getty Images)(Image: Valerio Pennicino - UEFA/UEFA via Getty Images)

After finishing top of the Champions League's league phase, Liverpool should theoretically be in a prime position to win the competition.

Now Liverpool, as part of the 16 clubs left standing, will discover the course of the knockout stages in the upcoming draw.

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On Friday, February 21 at 11am GMT the knockout draw is scheduled to take place.



So, the first order of Friday's draw is to determine whether Liverpool will play Benfica or PSG.

Depending on who they draw will have repercussions on the rest of the roadmap to the final Munich.

For example, playing and beating PSG on the 'silver' side of the bracket will earn a meeting with Club Brugge, Lille or Aston Villa in the quarter-finals.

Advancing beyond that stage could mean a semi-final against Real Madrid or PSV Eindhoven, but only on this side of the draw, amongst other strong rivals.

On the other 'blue' side of the bracket, beating Benfica presents a quarter-final against one of Borussia Dortmund, Lille or Villa.

Amongst the selection of possible semi-final opponents only on this route are Bayern Munich and Slot's former club Feyenoord.

The only guarantee at this stage is that Barcelona can only be met in the final due to their top seeding alongside Liverpool.

Because they finished with the higher seed, the Reds know that they will play their round of 16 away leg first so that they can have home advantage in the second leg.

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This does not apply for the quarter-finals or semi-finals, so the rest of Friday's draw will be spent determining the home and away legs of the rest of the knockouts.

As teams are designated one side or the other for the knockouts, no draw is needed for the final at the neutral Allianz Arena.