The 2022/23 Champions League returns this week with four last 16 first-leg ties set to play out over Tuesday and Wednesday.

Tottenham head to AC Milan and Paris Saint-Germain host Bayern Munich on Tuesday, while Wednesday's double-header sees Chelsea go to Borussia Dortmund and Benfica meet Club Brugge in Belgium.

The other eight clubs still remaining in the competition - Eintracht Frankfurt, Napoli, Liverpool, Real Madrid, Inter Milan, Porto, RB Leipzig and Manchester City - don't play in Europe's premier club competition until either Tuesday 21st or Wednesday 22nd February.

Ahead of those mouthwatering fixtures taking place, we've taken a look at how some of the outright markets lie, including To Win, Golden Boot and To Reach the Final.

What	UEFA Champions League 2022/23
Where	Europe
When	6th September 2022 - 10th June 2023
How to watch	BT Sport
Odds	Man City 7/4, Bayern Munich 11/2, PSG 8/1, Liverpool 10/1, Real Madrid 10/1

Can City finally end long wait for European glory?

Manchester City have made no secret of their desire to win the Champions League since they were taken over in a big-money deal in 2008.

City, who are the 7/4 favourites To Win Outright, have reached at least the semi-final stage in each of the last two seasons, reaching the final in 2020/21 when they went down 1-0 against Chelsea.

Having won everything domestically under Pep Guardiola, the Champions League is the missing piece of the puzzle.

They avoided defeat during the group stage, winning four and drawing two, but face a difficult tie in the last 16 after being drawn against RB Leipzig.

Leipzig, priced at 100/1 To Win Outright, beat City 2-1 when hosting them in the group stage of last season's competition.

Bayern Munich are 11/2 To Win Outright as they seek glory in the competition for the seventh time.

The German giants finished the group stage with a perfect record of six wins from six, scoring 18 goals and conceding just two.

A last 16 tie with Paris Saint-Germain, available at 8/1 To Win Outright, could prove tricky but Bayern have won their last two visits to the Parc des Princes and will be confident of reaching the next phase.

Liverpool and Real Madrid, both priced at 10/1 To Win Outright, are set to meet over two legs in the last 16 with the Reds hosting on 21st February before heading to Spain on 15th March.

Napoli are flying domestically, sitting 16 points clear at the top of Serie A, and they can be backed at 12/1 To Win Outright.

The Italian outfit have been drawn against last year's Europa League winners Eintracht Frankfurt, who are 100/1 to Win Outright.

London duo Chelsea and Tottenham can be backed at 14/1 and 20/1 respectively in the To Win Outright market.

Mbappe and Salah lead the way

The race for the Golden Boot is always an exciting one and there are several closely-grouped contenders in the mix as the competition returns.

PSG's Kylian Mbappe, priced at 9/4 to be Top Goalscorer, and Liverpool ace Mohamed Salah, available at 5/2, are joint leaders in the race with seven goals each.

Erling Haaland, who is the 15/8 favourite to be Top Goalscorer and 66/1 Mehdi Teremi, who offers Porto's primary attacking threat, both have five goals under their belt.

Despite trailing Mbappe and Salah by two, Haaland will be confident of closing that gap when considering his gametime in the competition has been carefully managed so far.

The Norway ace has netted his five goals in just 249 minutes of action, compared to Salah's 444 minutes and Mbappe's 528.

Leroy Sane, priced at 33/1 To be Top Goalscorer, sits among a group of 10 players with four goals to their name.

The Bayern star has registered those four efforts across four appearances and has also been in good form domestically with 11 in all competitions.

Napoli could be dark horses

Napoli pipped Liverpool to top spot in Group A on goal difference after picking up five wins and one defeat, while scoring 20 goals in the process.

They've continued building momentum in the meantime, opening up a 16-point gap at the top of Serie A, and Sunday's victory over Cremonese extended their current winning streak to four matches.

Napoli are 11/2 To Reach the Final and they look strong candidates to appear in the showpiece.

A draw with Eintracht Frankfurt, 66/1 To Reach the Final, provides them with a great opportunity to book their place in the quarter-finals.

Manchester City are 4/6 To Reach the Final, while Bayern Munich are priced at 3/1 To Reach the Final.

Real Madrid could be worth siding with at 5/1 To Reach the Final, having made it that far in five of the last nine campaigns.