Champions League draw: How it works, format, qualified teams, how to watch

Ousmane Dembélé of Paris Saint-Germain celebrates with the trophy following the UEFA Champions League Final 2026 match between PSG and Arsenal.Etsuo Hara via Getty ImagesThe 2026-27 UEFA Champions League draw will take place Thursday in Monaco where we will find out the complete fixtures for the League Phase of the competition, which begins Sept. 8.Paris Saint-Germain is the reigning back-to-back champion after defeating Arsenal following penalty kicks in June's final. Only Real Ma