The UEFA Champions League bracket is set, with Friday seeing the draw for knockout stages pair some of Europe's best soccer teams for March's round of 16

A new format expanded the knockout stage, with Tuesday and Wednesday seeing the debut of a playoff phase that effectively functioned as a round of 32. Friday's draw set up the path for the rest of the tournament, with a bracket in place all the way through to this season's final on May 31 in Munich.

Between those results and the group-stage table playing a major factor in seeding for the draw, some massive matchups have emerged despite how far the Champions League is from its one-off championship game. French power Paris Saint-Germain will face Premier League titans Liverpool while Real Madrid has been paired with city rivals Atlético Madrid.

Here's what to know about the Champions League round of 16 draw, including pairings and schedule:

Friday's UEFA Champions League draw set up the following matchups in the round of 16:

Round of 16 pairing 1: Paris Saint-Germain vs. Liverpool

Round of 16 pairing 2: Club Brugge vs. Aston Villa

Round of 16 pairing 3: Real Madrid vs. Atlético Madrid

Round of 16 pairing 4: PSV vs. Arsenal