The UEFA Champions League round of 16, quarterfinal and semifinal draws take 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.

Bayern Munich needed stoppage time at the Allianz Arena to secure its passage into the Champions League Round of 16. Alphonso Davies scored a 94th-minute equalizer in the second leg to send Bayern through 3-2 on aggregate against Scottish champions Celtic.

The new-look UEFA Champions League is about to reach the round-of-16 stage. But when does the draw take place, and when will the matches be played?   Here's how it all works. When is the draw for the round of 16?