Draw 17 April 2026 • First legs 28/29 April • Second legs 5/6 May • Final Budapest 30 May
The draw for the 2026 Champions League semi-finals took place on 17 April in Nyon. The four remaining teams — Bayern Munich, PSG, Atlético de Madrid and Arsenal — now know their path to the final in Budapest. Bayern eliminated Real Madrid (4-0 on aggregate); PSG edged Liverpool 4-2 in Paris (5-3 overall); Atlético dominated Barcelona; Arsenal knocked out Sporting CP.
| Tie A — First Leg (28 April · Parc des Princes) | Tie A — Second Leg (6 May · Allianz Arena) |
|---|---|
| PSG vs Bayern Munich | Bayern Munich vs PSG |
| Tie B — First Leg (29 April · Civitas Metropolitano) | Tie B — Second Leg (5 May · Emirates Stadium) |
|---|---|
| Atlético de Madrid vs Arsenal | Arsenal vs Atlético de Madrid |
Xabi Alonso has built a Bayern side that is disciplined without being rigid. Harry Kane is the tournament's top scorer. The Allianz Arena has been impenetrable in European nights this season. Bayern eliminated Real Madrid 4-0 on aggregate with dominant pressing and structural discipline — the clearest route to the final so far.
PSG are the reigning Champions League winners and delivered their best European performance in years against Liverpool in the quarter-finals: a 4-2 home win (5-3 aggregate). Luis Enrique has built a collective that thrives under pressure, with Dembélé as the most dangerous wide player in the competition and Barcola providing the pace no defender has consistently handled.
Two away goals at Camp Nou and a clean sheet across the entire quarter-final tie. Simeone has guided Atlético to 14 of his 17 semi-finals when holding an aggregate lead going into the second leg. Griezmann and Julián Álvarez provided the goals; Oblak kept the sheet clean. This Atlético is quieter than the 2014 and 2016 editions — and no less effective.
Arsenal reach the Champions League semi-finals for the first time in the club's history. Arteta's side progressed past Sporting CP with a goalless draw away and a controlled home win. Gyökeres — the only player capable of changing the tie — failed to convert his chances. Arsenal carry the freshest momentum and a pressing system untested at this level.
Bayern Munich are the pre-tournament favourites after a flawless run — four goals against Real Madrid without conceding, a dominant defence and Kane as top scorer. PSG are the defending champions: Luis Enrique has forged a side that performs best under pressure, with Dembélé and Barcola capable of deciding ties on their own. In the other bracket, Atlético de Madrid are slight favourites given Simeone's record in European semi-finals — he wins decisive matches through tactical discipline and efficiency. Arsenal play their first ever semi-final with fresh energy and Arteta's high-press system. If Bayern eliminate PSG and Atlético overcome Arsenal, the Budapest final promises to be a tactical masterclass.
First legs on 28 and 29 April 2026; second legs on 5 and 6 May 2026. All kick-offs at 21:00 CET.
In the UK, TNT Sports and discovery+ show all matches. In the US, CBS Sports and Paramount+ hold broadcast rights. The final on 30 May will also be available on free-to-air in several markets.
Bayern Munich lead with ~35% implied title probability, followed by PSG (~27%), Atlético de Madrid (~23%) and Arsenal (~15%). Bayern have been the most consistent European side this season.
The 2026 Champions League final is on Sunday 30 May 2026 at the Puskás Arena in Budapest, Hungary. Capacity: approximately 67,000.
PSG won the 2024-25 Champions League and enter this semi-final as the defending champions.