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The Serie A champions have strengthened with the Champions League in mind and should progress comfortably, while also getting the chance to measure themselves against Real Madrid.
Having looked less than amazing in their playoff encounter with PSV Eindhoven, a seemingly average Milan side will nevertheless feel they can beat Celtic and Ajax to second in Group H.
Even with Manchester City—whom they've seen off before at this stage just two years ago on their fixture list—the defending champions will feel exceedingly confident about being part of the last 16. Pep Guardiola might appreciate the slightly more straightforward path.
As a Pot 2 side, they will be happy to have been drawn with FC Porto out of all the Pot 1 sides. They will fancy their chances of progression, but also be wary of Zenit Saint Petersburg's threat.
No draw should have scared Barcelona—they could not be drawn with Bayern Munich, after all—but getting three arguably substandard sides (and avoiding any British sides) will surely please the Catalans. Familiar foes AC Milan might inspire some concern, however.
Surely, they would have preferred to avoid the formidable Juventus, but on the other hand, they avoided the very real prospect of facing the likes of PSG, Napoli and Borussia Dortmund instead. Translation: It could have been worse.
The Austrian side certainly would have enjoyed an eye-catching draw against a blockbuster side; then again, does a draw with Zenit, Atletico Madrid and Porto give them a better chance of springing a real surprise?
The French side must have hoped their Pot 2 status would have granted them a better draw than being widely considered the worst side in the obligatory Group of Death.
With a squad clearly geared toward making more of an impact at home and in Europe, Rafa Benitez would surely have preferred to avoid Arsenal and, particularly, Borussia Dortmund. The locals will expect progression, but the route is not easy for the Spaniard.