PSV Eindhoven have signed former Arsenal striker Lucas Perez until the end of the season, the Dutch club said on Sunday, just over a week before they host the London club in the first leg of their Champions League round of 16 tie.

Arsenal are staring down the barrel of a difficult road to the 2025 Champions League final, featuring a few of the best clubs in the world. The Gunners wrapped up their impressive Champions League league phase campaign with a 1–2 victory over Girona to finish third in the standings.

The draw for the Champions League last 16 is complete with the tie of the round pitting Premier League leaders Liverpool against French champions Paris Saint-Germain. Holders Real Madrid face city rivals Atletico while the top two in the Bundesliga meet. By comparison, the likes of Arsenal and Barcelona have been handed favourable draws.