The knockout rounds get underway on Saturday as Chile take on hosts Brazil in Belo Horizonte for a place in the quarter-finals.
Chile have somewhat exceeded expectations by making it through in second place behind the Netherlands in Group B after Spain's abject campaign, but they will pose quite a threat to Brazil, having impressed in the tournament so far.
The home side will obviously have great support behind them and need to build on the form they produced in their final group game.
Read on for full live streaming information as well as a look at the form guide and a prediction.
Date: Saturday, June 28
Time: 5 p.m. BST, 12 p.m. ET
TV Info: BBC1 (UK), ABC (US)
Brazil took seven points from their three group games, a 0-0 draw against Mexico and 3-1 and 4-1 wins against Croatia and Cameroon, respectively.
However, it was not until their final game against the Cameroon side that they really showed some decent form, having been underwhelming in their opening two encounters.
The tournament opener against Croatia was, at times, a worrying performance from a Brazil side who went down early on through a Marcello own goal.
A Neymar double and an Oscar strike turned the game around, but they were given a great deal of help from the referee, per football writer Jonathan Wilson:
The performance against Mexico was also unconvincing, as the Selecao were not able to unpick a staunch defence, although goalkeeper Guillermo Ochoa did put in a star performance, per Squawka:
However, a World Cup is not won in the group stages, and Brazil looked to be making progress as they impressed in defeating Cameroon, Neymar scoring two and Fred and Fernandinho also netting.
There is a concern that Brazil are over-reliant on 22-year-old star Neymar, per the New York Times' Andrew Das, but if he can continue to inspire improved performances, Brazil should go far:
Chile will provide a stern test for the hosts after manoeuvring through a tricky group with Spain, the Netherlands and Australia.
Their opening 3-1 win over the Socceroos was not the best, a very late goal from Jean Beausejour making the victory more comprehensive than they perhaps deserved.
However, their 2-0 victory over Spain—which put the reigning champions out—was a masterclass in attack and their pressing game proved to work very effectively.
They could catch Brazil out on the break on Saturday and Luiz Felipe Scolari will have to drill his defence well in preparation.
Chile were downed 2-0 in a bad-tempered final group game, and thus go into their last-16 match after a loss, but they will have taken great confidence away from their first three performances as a whole, seeing themselves comfortably through to the knockout rounds.
Brazil are no doubt the favourites to advance to the last eight, but they have one of the more tricky last 16 games. Chile's quality—including the likes of Alexis Sanchez and Eduardo Vargas—is there for all to see, and they will no doubt run Brazil close.
The weight of expectation is on Neymar and his teammates and they could buckle under pressure. However, they have improved as the competition has moved on and should have enough to see off the Chilean threat.
Prediction: Brazil 2-1 Chile