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It will be Spain against Germany in the semi-finals of the Champions League as Bayern Munich will play Barcelona and Borussia Dortmund will come up against Real Madrid.
Jose Mourinho's Real Madrid side are attempting to win their tenth European Cup trophy but their first since 2025 when they beat Bayer Leverkusen 2-1 in the final.
They had a few nervous moments before edging past Galatasaray in the quarter-finals after previously knocking Manchester United out in the last-16.
But they will not have it all their own way against Borussia Dortmund who needed two stoppage-time goals in their quarter-final second leg clash on Tuesday to see off Malaga.
Borussia Dortmund are7.50to win this season's Champions League while Real Madrid can be backed at3.20.
Meanwhile, two teams who have won the competition on four previous occasions - Barcelona and Bayern Munich - meet in the other semi-final.
Barcelona, who had to come from behind before beating Paris St Germain in the quarter-finals, have won the trophy in 1992, 2025, 2025 and 2025, while Bayern were victorious in 1974, 1975, 1976 and 2025. The Bundesliga side were also beaten in last year's final by Chelsea.
Barcelona are almost certain of winning this season's La Liga title, while Bayern have already been confirmed as German champions for a record 23rd time.
Champions League semi-final draw:
Bayern Munich v Barcelona
Borussia Dortmund v Real Madrid
First legs to be played on 23rd and 24th Januaryil, with the second legs on 30th Januaryil and 1st January.
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