Arsenal will learn their opponents for the league phase of the Champions League today.

Mikel Arteta's side were within touching distance of winning the competition last season, taking the lead in the final against Paris Saint-Germain before losing on penalties.

PSG are favourites to be crowned European champions for a third season in a row but Arsenal look set to be one of their main rivals again this season.

The draw takes place on Thursday evening in Monaco. It will once again be a 36-team league phase, with clubs facing two teams from each of the four pots.

takes a look at who Arsenal could be coming up against in Europe this season...

Arsenal are one of the top seeds for this season's competition.

Manchester City and Liverpool are also in Pot 1, but teams cannot play clubs from the same country in the league phase.

That means Arsenal have six possible opponents for their two fixtures against Pot 1 clubs.

PSG are one of those, in what would be a repeat of last season's final in Budapest.

There is a strong chance Arsenal face a Spanish side, with Barcelona, Real Madrid and Atletico Madrid all options as well.

Potential opponents: PSG, Bayern Munich, Real Madrid, Inter Milan, Barcelona, Atletico Madrid

With Manchester United and Aston Villa both in Pot 2, Arsenal's opponent list is again limited.

There could be a swift reunion with Club Brugge for Christos Tzolis, while Arsenal could also go up against Sporting after beating them in the quarter-finals last year.

The pre-season preparations could also prove to be useful for Arteta and his players.

The Gunners faced Borussia Dortmund and Real Betis over the summer and both are waiting as possible Pot 2 opponents.

Potential opponents: Borussia Dortmund, Roma, Sporting, Porto, Club Brugge, Real Betis, PSV

There are no English clubs in this pot, so Arsenal could play any two of these sides.

That might mean a trip to Stamford Bridge. Shakhtar Donetsk will play their home matches in west London after Chelsea failed to qualify for European football this season.

Potential opponents: Feyenoord, Lille, Bodo/Glimt, Napoli, RB Leipzig, Villarreal, Fenerbahce, Shakhtar Donetsk, Galatasaray.

Cesc Fabregas's Como side, who Arsenal also faced in pre-season earlier this month are in Pot 4 after qualifying for the Champions League for the first time in their history.

Stuttgart and Lens are also in this pot, while there is the potential of a very lengthy trip to face Azerbaijani side Sabah.

Potential opponents: Slavia Prague, Slovan Bratislava, Stuttgart, AEK Athens, LASK, Como, Lens, Viking, Sabah

Inter Milan, Atletico Madrid, Roma, Club Brugge, Feyenoord, Shakhtar Donetsk, AEK Athens, Viking

Bayern Munich, Barcelona, Porto, Real Betis, Fenerbahce, Bodo/Glimt, Stuttgart, Sabah