The draw for the group stage takes place at the Grimaldi Forum in Monaco with the ceremony getting underway at 5pm this evening.
Once the draw is made, the first round of fixtures are due to be played on September 18 and 19.
This year’s final will be held at Atletico Madrid’s home ground, Wanda Metropolitano.
The event will also see the winners of the UEFA Player Awards announced.
Champions League draw channel – How to watch on TV
The Champions League draw for the group stage with be shown live on BT Sport 2.
Coverage is due to start at 4.30pm ahead of the draw and the entire programme is scheduled to last for two hours.
BT Sport customers will also be able to stream the event via website and official app.
Those without a BT Sport subscription will still be able to see the draw through UEFA’s official website.
Champions League draw format – How does it work?
The draw is made up of 32 clubs, 26 of whom qualified directly while six came through the play-offs.
The teams have been be split into four seeding pots for the draw, with Pot 1 consisting of the Champions League holders, the UEFA Europa League winners and the champions of the six highest-ranked nations.
Pots 2 to 4 have been determined by the club coefficient rankings.
One team will be taken from each pot to form a group, but teams from the same association cannot face each other.
Who is in the Champions League draw?
POT 1: Real Madrid, Atletico Madrid, Barcelona,Bayern Munich, Manchester City, Juventus, Paris Saint-Germain, Lokomotiv Moscow
POT 2: Borussia Dortmund, Porto, Manchester United, Shakhtar Donetsk, Benfica, Napoli, Tottenham Hotspur, Roma
POT 3: Liverpool, Schalke, Lyon, Monaco, Ajax, CSKA Moscow, PSV Eindhoven, Valencia
POT 4: Viktoria Plzen, Club Brugge, Galatasaray, Young Boys, Inter, Hoffenheim, Red Star Belgrade, AEK Athens