Real Madrid is celebrating its return to good form despite placing low in the Champions League and failing to avoid a possible playoff against Manchester City. Madrid's slow start in the European competition kept the defending champion from going straight into the round of 16 — and possibly set up an encounter with Man City in the playoffs.

There is going to be a blockbuster Champions League knockout playoff round tie between Manchester City and Bayern Munich or Real Madrid. Here's why.

Manchester City face an intriguing Champions League last 16 play-off tie against either title holders Real Madrid or five-time winners Bayern Munich. That is already known because all 24 teams that have advanced from the league phase are placed in a tennis-like bracket for the first time - showing a team's potential path towards the May 31 final in Munich.