Chelsea have been drawn against Atletico Madrid over two legs for a place in the 2014 Champions League final while Bayen Munich face Real Madrid.
With these pairings, the dream final between defending champions, Bayen Munich and Real Madrid, which a lot of pundits have been anticipating will not happen, at least not this year, as one of them must knock the other off in the semi-finals.
The first legs will be played on 22-23 April, with Real hosting Bayern at the Bernabeu and Chelsea travelling to the Vicente Calderon, before the second legs in Munich and London on 29-30 April.
The draw sets up some mouthwatering potential finals, with the showcase event held this season at Benfica’s Estadio da Luz in Lisbon on 24 May.
The intriguing semi-final ties preserve the chance for a blockbuster all-Madrid meeting.
The Spanish capital rivals have met only once before in a European tie – with Real progressing in the 1958-59 season after a third-match replay.
If Chelsea prevail against Atletico, Blues boss Jose Mourinho will meet either his former club Real Madrid – led by former Chelsea manager Carlo Ancelotti – or his old Barca foe Pep Guardiola.
Guardiola, now in charge of Bayern, is aiming to see the German reigning champions become the first side in the Champions League era to retain the trophy.
Chelsea are set to take on an Atletico side which will include their on-loan goalkeeper Thibaut Courtois, who has been ruled eligible to face his parent club by Uefa without the need for compensation.
The last showcase battle between the Blues and Atletico came in the 2012 Uefa Super Cup, when the Spanish side comfortably won 4-1.
While in charge of Real, Mourinho enjoyed eight victories in nine games against rivals Atletico but was notably defeated 2-1 in the Copa del Rey final in his final season.