Arsenal will face former captain Patrick Vieira after being drawn against Juventus in the Champions League quarter-finals.
Henry and Vieira will meet again
The first leg will be at Highbury on Tuesday 28 March, with the second leg in Turin on Wednesday 5 April.
The projected draw for the semi-final was also made at the ceremony in Paris.
Should they dispose of Juve, Arsenal will face the winners of the tie between Inter Milan or Ajax against Villarreal in the last four.
Arsenal's semi-final, if they get there, will see the first leg played on Wednesday 19 April and the return on Tuesday 25 April.
Lyon will face AC Milan and Benfica meet Barcelona in the other games in the last eight.
Inter Milan and Ajax play the second leg of their tie on Tuesday.
Arsenal boss Arsene Wenger believes the tie against Vieira's Juve will give his team the chance to show their quality.
"We'll be 100% up for it and will welcome Patrick back to his favourite ground," Wenger said.
"We'll make sure we do not make it easy for him. But we don't play against one player, we are against a team.
"Maybe Juventus are second favourites after Barcelona because they have so many good players but our team is getting better and better."
Vieira spent nine years at Highbury before moving to Turin at the start of the season and is delighted to be returning to north London.
The French midfielder, 29, moved to Turin at the start of the season after spending nine years in north London.
"At times destiny serves up some surprises," said the 29-year-old.
"Obviously it will be a special match, seeing that I'll be returning as part of the opposing team. But beyond that I'll be thinking only of winning."
Arsenal vice-chairman David Dein is relishing the return of the club's former captain.
He said: "It couldn't be more glamorous than that. Real Madrid was special and this will be enormously interesting.
"Our boys are looking good, we'll be up for it. This is another big stepping stone for the club.
"Patrick was at the club for nine years and won lots of trophies. I am sure he will get a very warm reception," Dein added.
"I know Juventus are running away with their domestic league, but our boys will be up for it, don't worry. There is a lot of confidence in our team."
Lyon president Jean-Michel Aulas said: "If we win, we might face Barcelona. But our objective was always to reach the final.
"You always have to face the best teams once you get to this level of competition."
ARSENAL v Juventus
Lyon v AC Milan
Inter Milan or Ajax v Villarreal
Benfica v Barcelona
ARSENAL or Juventus v Inter Milan/Ajax or Villarreal
Lyon or AC Milan v Benfica or Barcelona
Quarter-finals: 28/29 March & 4/5 April
Semi-finals: 18/19 & 25/26 April
Final: 17 May