Chelsea will face Benfica in the quarter-finals of the Champions League - but could face reigning European champions Barcelona in the semi-finals.
England's last remaining club in Europe will face Portuguese side Benfica for the first time in European competition, with the second leg at Stamford Bridge.
Should they progress, Chelsea would face the winners of the quarter-final between AC Milan and Barcelona.
In the other quarter-finals, Real Madrid were drawn against Cypriot side APOEL Nicosia while Marseille will take on Bayern Munich.
The draw also means there is a good chance of a mouthwatering all-Spanish final between Real and Barcelona.
Chelsea have two former Benfica players in their squad - the Brazilians David Luis and Ramires. The Portuguese club are currently second in their domestic league, a point behind Porto, and emerged triumphant in the group phase during which they drew home and away with Manchester United.
Benfica also overgcame a 3-2 first-leg defeat by Zenit St Petersburg in the first knock-out stage, winning 2-0 at the Estadio da Luz to secure their place in the quarter-finals.
The full draw for the quarter and semi-finals is as follows:
APOEL Nicosia v Real Madrid
Marseille v Bayern Munich
Benfica v Chelsea
AC Milan v Barcelona
First legs to be played on March 27/28. Second legs to be played on April 3/4.
Marseille/Bayern Munich v APOEL Nicosia/Real Madrid
Benfica/Chelsea v AC Milan/Barcelona
First legs to be played on April 17/18. Second legs to be played on April 24/25.