Celtic chairman Brian Quinn believes that his club's rivalry with Rangers will be an added spur to Champions League success.
The Glasgow clubs created history on Wednesday as two Scottish sides reached the group stages for the first time.
Celtic have been drawn in Group A with German giants Bayern Munich, French champions Olympique Lyonnais and Belgian side Anderlecht.
And Quinn says Celtic and Rangers will both be out to do better than the other.
"I am delighted Rangers are in the draw," said Quinn. "When we were making progress through the Uefa Cup, we got lots of messages from Scottish teams, including Rangers.
"There was a real national feel and we hope that will carry on."
The Ibrox outfit face Manchester United, Panathinaikos and Stuttgart in their group.
"They have got a tough draw, but I am pleased for them," said Quinn.
"Our rivalry doesn't end after we play each other. We are always looking for each other's results all the time and this adds to the spice."
Celtic's last campaign in the Champions League two years ago saw them narrowly miss out on a place in the second group stage of the tournament.
The then Scottish champions last season lost to Basle in qualifying but will fear nobody, having gone on to reach the Uefa Cup final last season.
But Celtic manager Martin O'Neill believes that German champions Bayern Munich will start as group favourites.
"It is a good draw for us and I am sure that Anderlecht and Lyon will be thinking the same way as us, that they can challenge for the second place," he said.
"Bayern Munich are one of the great European teams with fantastic pedigree in the tournament and I'm sure the group stages will give rise to some magnificent evenings here at Celtic Park."
Paul Lambert won the European Cup under Bayern manager Ottmar Hitzfeld when the pair were at Borussia Dortmund and the Celtic midfielder is already looking forward to coming up against his old mentor.
"He taught me so much and did so much for me as a player and I'm sure that without him I wouldn;t be in the position that I am now," he said.
"They are a fantastic side with a stupendous record and it is another exciting tie for us."
Celtic fans will not need any reminders of Lyon, Henrik Larsson having broken his leg against the French side during the ill-fated John Barnes regime.
Meanwhile, Anderlecht may be seen as outsiders, having finished runners-up in their league behind Brugge.