16:45 The draw ceremony is underway in Monaco's Grimaldi Forum. Ex-United striker Michael Owen will help to conduct proceedings once the main business of selecting the teams starts.
16:40 Holders Bayern Munich are favourites with bwin to retain the trophy at 5/2. Barcelona (4/1) and Real Madrid (5/1) are next best in the market with United out at 13/1.
16:35 The Champions League final next year takes place at Benfica's majestic Estadio da Luz.
16:30 David Moyes must be eagerly awaiting United's fate - he's already had one difficult draw with the Capital One Cup third-round tie against Sunday's opponents Liverpool coming out of the hat last night.
16:20 Europe's best player will also be crowned at the ceremony with Lionel Messi, former Red Cristiano Ronaldo and Franck Ribery in the frame for the UEFA accolade.
16:16 There is plenty of anticipation, as always, with a number of Reds fans on social media channels actually craving some major opposition this year, possibly a little jealous of the draws City have been getting in the past couple of seasons.
16:15 A reminder that United cannot be drawn against an English team which only rules out Manchester City, who are in pot three. The Reds will face a club from each of pot two (Atletico Madrid, Shakhtar Donetsk, AC Milan, Schalke, Marseille, CSKA Moscow, PSG and Juventus), pot three (Zenit St Petersburg, Ajax, Borussia Dortmund, Basel, Olympiacos, Galatasaray and Bayer Leverkusen) and pot four (FC Copenhagen, Napoli, Anderlecht, Celtic, Steaua Bucharest, Viktoria Plzen, Real Sociedad and Austria Vienna).
16:15 We're only half an hour away from the start of the main event in Monaco - the draw for the group stages of the Champions League.