Premier League quartet will advance
England's usual suspects in the Champions League will have greeted the draw for the group phase with a mixture of cunningly disguised delight and cautious optimism.
Champions Manchester United, runners-up Chelsea, plus Arsenal and Liverpool will all feel well capable of progressing to the knockout stage - and Scottish champions Celtic cannot be ignored because of their magnificent Parkhead record.
So what are the pitfalls they need to be aware of, and can Manchester United make history by retaining the Champions League?
Manchester United will certainly reach the last 16, despite treacherous obstacles presented by Villarreal, Celtic and Aalborg.
Villarreal finished second behind Real Madrid in La Liga and have former Arsenal star Robert Pires in their ranks - as well as the outstanding Marcos Senna, who was the bedrock of Spain's Euro 2008 victory.
Former United striker Giuseppe Rossi leads their attack, but the holders should have too much armoury for the brilliantly-nicknamed Yellow Submarine.
We'll leave Celtic's hopes until later, but there will be no fears for Sir Alex Ferguson about Denmark's Aalborg, managed by Bruce Rioch.
It will be good to see Rioch back in Britain - a manager who did a fine job at Bolton and (although many choose to forget it!) brought Dennis Bergkamp to Arsenal. For that alone he deserves the grateful thanks of every Gunner.
Chelsea will scrap with improving Italians AS Roma for top spot in Group A - but Bordeaux and the mysterious FC Cluj of Romania will prove irritations as opposed to serious threats to qualification.
FC Cluj should actually not be that mysterious, given that the very town is the birthplace of legendary, not to mention scantily-clad, pop duo The Cheeky Girls.
It was ironic, and let's be honest a bit farcical, to see a succession of Chelsea stars paraded as the tournaments players of the year at the draw in Monaco.
Petr Cech, John Terry and Frank Lampard arrived to plaudits and praise from all corners - when, unless I missed something, they lost out to Manchester United in the final.
Surely Rio Ferdinand should have edged out Terry as top defender, but the famous trophy itself will act as ample compensation.
Now we come to Liverpool - the great enigmas of the Champions League.
Liverpool often toil in qualifying and stumble in the group stages, but invariably end up in the last four of the competition, at least they do under Rafael Benitez.
But they rode their luck spectacularly against Standard Liege and will need to improve hugely to make their traditional progress.
For Benitez's sake, it is to be hoped Albert Riera acquits himself better in the Premier League than he did when he was on loan at Manchester City. I do not see him as the player who will transform Liverpool into title winners, so Benitez will hope he can do the trick in Europe to compensate.
Liverpool have got a good European record against PSV Eindhoven and thrashed Marseille in France last season after losing at Anfield.
The stroke of ill-fortune Liverpool got was to draw Atletico Madrid out of Pot 4 - easily the most dangerous of those floating teams.
There will be romance, with Fernando Torres' return to the club where he is an icon, but there will be danger too in the shape of a very gifted side.
They have Diego Forlan and Sergio Aguero, while they have former Liverpool stars Luis Garcia and Florent Sinama Pongolle, who showed flashes of his talent at Anfield and is now confirming his promise.
It is a hazardous group, but it is not a draw Liverpool can complain bitterly about.
Arsenal have not been too fortunate, with a mixture of some very tough trips against experienced sides.
Porto have miles on the clock in the Champions League while Chelsea lost against Fenerbahce in Turkey last year. A trip to any Turkish side in Europe is rarely a comfortable experience.
Dynamo Kiev were poor last year - Arsenal will hope they have not improved.
Last, and certainly not least, come Celtic, another enigma in Europe - virtually unbeatable at home but desperate on foreign territory.
They will fear no-one at Parkhead, where the atmosphere is as good as anywhere in Europe on a big night, and if they can get a result or two away then I can see them reaching the last 16 again.
So I will back the four English clubs to make it through, though not without the odd slip, and fancy Celtic as a nice outside bet from a tough group.