The draw will be held on Monday at 12pm CET, which is 3am PST / 6am EST / 11am GMT.
Seeded group winners will be away in the first leg, and home for the second leg.
The UEFA Champions League group stage is complete, and the bittersweet news is that Juventus have made it through to the knockout rounds. However, they lost their last game to finish Group D in second place and this poses a tricky problem for the Bianconeri when the draw will be done next Monday.
First legs of the round will be played on Feb. 16/17 and 23/24. Second legs will be on March 8/9 and 15/16.
Since no Italian team won their group, the remaining seven group winners are all fair game to play Juve in the first knockout round. Let's take a look at who's who, and how they got there.
Group A - Real Madrid were run close by Paris Saint-Germain, but beat on the minnows scoring 19 goals in six games.
Group B - Wolfsburg pipped PSV Eindhoven to the top, knocking out Manchester United in the process.
Group C - Atlético Madrid stayed ahead of Benfica to qualify comfortably.
Group E - Barcelona humiliated Roma and the rest of the group on their way to winning the group.
Group F - Bayern Munich also pumped in 19 goals to win, while Arsenal barely qualified on goal difference.
Group G - Chelsea put aside their miserable Premier League form and topped the group, while FC Porto were unfortunate to get knocked out by Dynamo Kiev.
Group H - Zenit St. Petersburg won a soft group, with KAA Gent coming in second.
Had Juventus won the group, their task in the next round would have been immeasurably easier. However, to win the Champions League, you have to play the best and beat the best, and that is what the Old Lady might have to do.
Worst case: Real Madrid, Barcelona or Bayern Munich
Real would be the least worst of the lot - Juve have actually had the better of the Merengues in a two-legged knockout round multiple times, as recently as the semi-finals last year. Real are embroiled in controversy with manager Rafa Benitez in charge, so this might be as good a time as any to play them.
Barca are in irresistible form as always, and Juventus have something to say to them after the loss in last year's Champions League final. But do the Italians have what it takes to beat them over two legs?
It could come down to whether the first leg is at home or away for Juve. Group winners play away in the first leg.
And then there is Bayern. The Germans have looked almost mortal at times this year, and are plagued by injuries. But even in a transition year for the squad, there is plenty of quality there to give Massimiliano Allegri sleepless nights ahead of the fixtures in February and March.
Okay case: Wolfsburg & Atletico Madrid
The German side Wolfsburg have qualified for the Round of 16 for the first time in the club's history, but don't mistake them for a soft touch. They possess plenty of pace and skill despite having lost Kevin De Bruyne, and would pose a challenge for Juve.
Atleti are not as fearsome as in the last couple of years, but going up against any side of Diego Simeone's would pose a true test of grinta over 180 minutes. They are currently second in La Liga, and are only two points behind Barcelona.
Best case: Chelsea & Zenit
Jose Mourinho simply cannot find a solution to the physical challenges posed by smaller English clubs. Expect Allegri to outwit the 'special one' in a similar manner should Chelsea be Juve's opponents. Willian is their best player right now and must be kept quiet to beat the London side.
Zenit are a bit of an unknown quantity - they have some quality players in the squad, and manager Andre Villas-Boas has international pedigree having managed Chelsea and Tottenham. Playing in Russia in the dead of winter is not something Juve would relish nor have they done well in the past though.
Tell us in the comments below who you would like Juve to play, and who you would rather they avoided in the next round.