The UEFA Champions League Round of 16 draw was conducted on Monday, with Liverpool set to face Real Madrid, while PSG will take on Bayern Munich.
It is the fourth time in six seasons that six-time winners Liverpool have taken on Real Madrid in the Champions League.
Two of those occasions have been in finals, with Real Madrid winning both in 2017-18 and 2021-22
The Spanish champions also knocked Liverpool out in the quarter-finals in the 2020-21 season.
Paris St-Germain has not lost a competitive game since March but has yet to win its first European crown. It now has stars Lionel Messi, Neymar and Kylian Mbappe in its squad.
Full last-16 draw:
RB Leipzig v Manchester City
Club Bruges v Benfica
Liverpool v Real Madrid
AC Milan v Tottenham
Frankfurt v Napoli
Borussia Dortmund v Chelsea
Inter Milan v Porto
Paris St-Germain v Bayern Munich
The last-16 first legs will take place on 14-15 and 21-22 February, with the second legs on 7-8 and 14-15 March. | BBC Sport