The Reds would be firm favourites to beat either side, but Villa’s draw with Liverpool in the Premier League this week showed they are certainly capable of causing problems.
Liverpool did beat Real in November in the league phase, but they have been knocked out by the Spanish giants in each of their last three seasons in the Champions League.
PSV, Arsenal, Real Madrid and Atletico Madrid are the four potential opponents, as Arsenal take on PSV in the last-16 and the two Madrid clubs go head-to-head.
If Liverpool were to get the better of Carlo Ancelotti’s side, they would surely go into the final in Munich at the end of May as favourites.
Liverpool could once again go up against Real Madrid in the Champions League knockout stages.
