Atletico Madrid remain favourites for the Europa League after they were handed a favourable looking draw for the last 16, whilst Arsenal will take on AC Milan.

Madrid have been favourites for the competition since dropping out of the Champions League, and they progressed as expected in the last round against Copenhagen, and their reward is a clash with Russian outfit Lokomotiv Moscow.

Arsenal are just behind Atletico in the betting, despite only just getting past Swedish outfit Ostersunds, and they face an intriguing last 16 match-up with Italian giants AC Milan.

Europa League last-16 draw in full:

Lazio v Dynamo Kiev
RB Leipzig v Zenit St Petersburg
Atletico Madrid v Lokomotiv Moscow
CSKA Moscow v Lyon
Marseille v Athletic Bilbao
Sporting Lisbon v Viktoria Plzen
Borussia Dortmund v Red Bull Salzburg
AC Milan v Arsenal

BetVictor list Atletico at 5/2 and Arsenal at 9/2, their Head of ante post Football Michael Triffitt commented: “There are a number of mouth-watering ties in the Europa League following the draw for the last 16.

“Arsenal have eased to 9/2 from 4/1 and will face Italian Giants AC Milan who remain 12/1 in one of the ties of the round.

“Favourites Atletico Madrid shorten to 5/2 from 11/4 after been paired with Russia outfit Lokomotiv Moscow. Fellow Russia club Zenit, who thrashed Celtic last night, now face German highflyers RB Leipzig with the teams 20/1 and 12/1 respectively to lift the trophy.

“Fellow German side Borussia Dortmund needed a late goal to progress last night in Atalanta and are 6/1 from 8/1 after been paired with Austrian club Salzburg.”