The UEFA Champions League round of 16, quarterfinal and semifinal draws took place on Friday as Europe's leading soccer competition takes its final form for this season. The top eight teams from the league phase led by Liverpool and Barcelona qualified automatically for the round of 16 while eight teams have emerged from the knockout round playoffs which are part of this year's new format.

The stage is set for the UEFA Champions League after the Round of 16 draw concluded on Friday at the House of European Football in Nyon, Switzerland.

The Champions League draw is out, with UEFA setting the bracket for the rest of soccer's biggest club tournament. Here's what to know.