Alex Ferguson's team Manchester United came runner-up last Champions League
The five British clubs in the Champions League managed to get good draws for the group stage of the competition.
Manchester United, Arsenal, Chelsea, Liverpool and Rangers all avoided the most difficult teams.
The clubs in each group will now play each other home and away between September and December.
The teams that finish in the top two will qualify for the knockout stage, with the big final taking place in Spain on 22 May.
The groups with UK teams
Group B: MANCHESTER UNITED, CSKA Moscow, Besiktas, Wolfsburg
Group D: CHELSEA, Porto, Atletico Madrid, APOEL Nicosia
Group E: LIVERPOOL, Lyon, Fiorentina, Debreceni
Group G: Sevilla, RANGERS, Stuttgart, Unirea Urziceni
Group H: ARSENAL, AZ Alkmaar, Olympiakos, Standard Liege
United, Liverpool, Chelsea and Rangers all reached the first stage of the Champions League automatically, while Arsenal had to play Celtic in a qualifier which they won 5-1 over two games.
"No easy games or groups"
The English clubs will be glad they were not drawn against the might of Real Madrid or Inter Milan.
Rangers will also be happy they won't have to play any of the teams from the Premier League in the first stage.
But Chelsea chief Peter Kenyon warned the sides that "There are no easy games or groups."
Barcelona are the current holders of the Champions League trophy. They beat Manchester United 2-0 in the final earlier in the year.