GROUP STAGE (32 TEAMS)
Between the 16 winners of 3rd round:
Liverpool (England/4), Anderlecht (Belgium/1), M. Tel-Aviv (Israel/2), Juventus (Italy/3), CSKA Moskva (Russia/1), Dynamo Kyiv (Ukraine/1), Rosenborg (Norway/1), Monaco (France/3), Deportivo (Spain/3), Iternazionale (Italy/4), Real Madrid (Spain/4), Leverkusen (Germany/3), Sparta (Czech Republic/2), PSV (Holland/2), Manchester U (England/3) and Shaktar (Ukraine/2)
and the following teams:
Valencia (Spain/1), FC Barcelona (Spain/2), AC Milan (Italy/1), AS Roma (Italy/2), Arsenal (England/1), Chelsea (England/2), Werder Bremen (Germany/1), Bayern Munchen (Germany/2), Olympique Lyon (France/1), Paris St. Germain (France/2), Panathinaikos (Greece/1), Olympiakos (Greece/2), Porto (Portugal/1), Ajax (Netherlands/1), Celtic (Scotland/1) and Fenerbahce (Turkey/1)
These 32 clubs are drawn into eight groups of four. Clubs from the same country will not be drawn into the same group.
| Group A | Deportivo (Spain/3) | Liverpool (England/4) |
| Monaco (France/3) | Olympiakos (Greece/2) | |
| Group B | Real Madrid (Spain/4) | AS Roma (Italy/2) |
| Leverkusen (Germany/3) | Dynamo Kyiv (Ukraine/1) | |
| Group C | Bayern Munchen (Germany/2) | Juventus (Italy/3) |
| Ajax (Netherlands/1) | M. Tel-Aviv (Israel/2) | |
| Group D | Manchester U (England/3) | Olympique Lyon (France/1) |
| Sparta (Czech Republic/2) | Fenerbahce (Turkey/1) | |
| Group E | Arsenal (England/1) | Panathinaikos (Greece/1) |
| PSV (Holland/2) | Rosenborg (Norway/1) | |
| Group F | FC Barcelona (Spain/2) | AC Milan (Italy/1) |
| Celtic (Scotland/1) | Shaktar (Ukraine/2) | |
| Group G | Valencia (Spain/1) | Iternazionale (Italy/4) |
| Anderlecht (Belgium/1) | Werder Bremen (Germany/1) | |
| Group H | Porto (Portugal/1) | Chelsea (England/2) |
| Paris St. Germain (France/2) | CSKA Moskva (Russia/1) |
A computer draw determines the final position of the teams within their group. These positions determine the order of the home and away matches. The following match sequence applies:
| 1st match day: | 2 v 3 | 4th match day: | 1 v 3 |
| 4 v 1 | 4 v 2 | ||
| 2nd match day: | 1 v 2 | 5th match day: | 3 v 2 |
| 3 v 4 | 1 v 4 | ||
| 3rd match day: | 3 v 1 | 6th match day: | 2 v 1 |
| 2 v 4 | 4 v 3 |
For the 1st match day, the results are:
| E | Arsenal | 1-0 | PSV |
| E | Panathinaikos | 2-1 | Rosenborg |
| F | Celtic | 1-3 | Barcelona |
| F | Shakhtar | 0-1 | Milan |
| G | Internazionale | 2-0 | Bremen |
| G | Valencia | 2-0 | Anderlecht |
| H | Porto | 0-0 | CSKA Moskva |
| H | PSG | 0-3 | Chelsea |
| A | Deportivo | 0-0 | Olympiacos |
| A | Liverpool | 2-0 | Monaco |
| B | Leverkusen | 3-0 | Real Madrid |
| B | Roma | 0-3(f) | Dynamo Kyiv |
| C | Ajax | 0-1 | Juventus |
| C | M. Tel-Aviv | 0-1 | Bayern |
| D | Fenerbache | 1-0 | Sparta |
| D | Lyon | 2-2 | Man. United |
For the 2nd match day, the results are:
| A | Monaco | 2-0 | Deportivo |
| A | Olympiacos | 1-0 | Liverpool |
| B | Dynamo Kyiv | 4-2 | Leverkusen |
| B | Real Madrid | 4-2 | Roma |
| C | Bayern | 4-0 | Ajax |
| C | Juventus | 1-0 | M. Tel-Aviv |
| D | Man. United |
6-2 | Fenerbahce |
| D | Sparta | 1-2 | Lyon |
| E | PSV | 1-0 | Panathinaikos |
| E | Rosenborg | 1-1 | Arsenal |
| F | Barcelona | 3-0 | Shakhtar |
| F | Milan | 3-1 | Celtic |
| G | Anderlecht | 1-3 | Internazionale |
| G | Bremen | 2-1 | Valencia |
| H | Chelsea | 3-1 | Porto |
| H | CSKA Moskva | 2-0 | PSG |
For the 3rd match day, we have:
| A | Liverpool | 0-0 | Deportivo |
| A | Monaco | 2-1 | Olympiacos |
| B | Leverkusen | 3-1 | Roma |
| B | Real Madrid | 1-0 | Dynamo Kyiv |
| C | Ajax | 3-0 | M. Tel-Aviv |
| C | Juventus | 1-0 | Bayern |
| D | Fenerbahce | 1-3 | Lyon |
| D | Sparta | 0-0 | Man. United |
| E | Panathinaikos | 2-2 | Arsenal |
| E | Rosenborg | 1-2 | PSV |
| F | Milan | 1-0 | Barcelona |
| F | Shakhtar | 3-0 | Celtic |
| G | Anderlecht | 1-2 | Bremen |
| G | Valencia | 1-5 | Internazionale |
| H | Chelsea | 2-0 | CSKA Moskva |
| H | PSG | 2-0 | Porto |
And for the 4th match day, we have:
| E | Arsenal | 1-1 | Panathinaikos |
| E | PSV | 1-0 | Rosenborg |
| F | Barcelona | 2-1 | Milan |
| F | Celtic | 1-0 | Shakhtar |
| G | Bremen | 5-1 | Anderlecht |
| G | Internazionale | 0-0 | Valencia |
| H | CSKA Moskva | 0-1 | Chelsea |
| H | Porto | 0-0 | PSG |
| A | Deportivo | 0-1 | Liverpool |
| A | Olympiacos | 1-0 | Monaco |
| B | Dynamo Kyiv | 2-2 | Real Madrid |
| B | Roma | 1-1 | Leverkusen |
| C | Bayern | 0-1 | Juventus |
| C | M. Tel-Aviv |
2-1 | Ajax |
| D | Lyon | 4-2 | Fenerbahce |
| D | Man. United |
4-1 | Sparta |
The 5th match day brought:
| A | Monaco | 1-0 | Liverpool |
| A | Olympiacos | 1-0 | Deportivo |
| B | Dynamo Kyiv | 2-0 | Roma |
| B | Real Madrid | 1-1 | Leverkusen |
| C | Bayern | 5-1 | M. Tel-Aviv |
| C | Juventus | 1-0 | Ajax |
| D | Man. United |
2-1 | Lyon |
| D | Sparta | 0-1 | Fenerbahce |
| E | PSV | 1-1 | Arsenal |
| E | Rosenborg | 2-2 | Panathinaikos |
| F | Barcelona | 1-1 | Celtic |
| F | Milan | 4-0 | Shakhtar |
| G | Anderlecht | 1-2 | Valencia |
| G | Bremen | 1-1 | Internazionale |
| H | Chelsea | 0-0 | PSG |
| H | CSKA Moskva | 0-1 | Porto |
And finally, the final 6th match day produced:
| E | Arsenal | 5-1 | Rosenborg |
| E | Panathinaikos | 4-1 | PSV |
| F | Celtic | 0-0 | Milan |
| F | Shakhtar | 2-0 | Barcelona |
| G | Internazionale | 3-0 | Anderlecht |
| G | Valencia | 0-2 | Bremen |
| H | Porto | 2-1 | Chelsea |
| H | PSG | 1-3 | CSKA Moskva |
| A | Deportivo | 0-5 | Monaco |
| A | Liverpool | 3-1 | Olympiacos |
| B | Leverkusen | 3-0 | Dynamo Kyiv |
| B | Roma | 0-3 | Real Madrid |
| C | Ajax | 2-2 | Bayern |
| C | M. Tel-Aviv |
1-1 | Juventus |
| D | Fenerbahce | 3-0 | Man. United |
| D | Lyon | 5-0 | Sparta |