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London strategist Arsene Wenger calls the big Spanish clubs clear favorites in the Champions League.
However, the Frenchman added that his English team also has hopes of winning the most prestigious trophies on the Old Continent.
"I would say that at the moment there are two super favorites in Europe - Madrid's Real and Barcelona," Wenger said. "Behind them are other clubs that also have expectations. We are among them.
"Perhaps we are not favorites, but we are in a fairly favorable position because we secured first place in the group. From now on, everything will be determined by knockout matches, which is a specific thing. You always need a bit of luck in drawing lots, and it's also important not to lose important players at crucial moments."
On Tuesday, Arsenal will play their final group stage match against Olympiacos from Piraeus.
