Celtic manager Martin O'Neill admits he is already looking ahead to securing a place in the last 16 of the Champions League.
The Parkhead side were pitted against Bayern Munich, Lyon and Anderlecht in the group stage when the draw was made in Monaco earlier today.
Bundesliga champions Bayern are undoubtedly the favourites to progress but O'Neill believes that the other three clubs will all fancy their chances of clinching the runners-up place in group A.
He said: "I am absolutely delighted to be in it. It is a good draw for us and I am sure that Anderlecht and Lyon will be thinking the same way as us, that they can challenge for the second place.
"Geographically speaking, it is also a good draw for us with not too much travelling involved."
Celtic missed out on the Champions League last year when they failed to overcome Swiss underdogs Basle at the qualifying stage.
Although the Hoops went on to enjoy a successful and lengthy run in the UEFA Cup, which took them to the final, O'Neill admits he cannot wait for the atmosphere that only comes from playing in the Champions League.
O'Neill told the club's official website, www.celticfc.co.uk: "Bayern Munich are one of the great European teams with fantastic pedigree in the tournament and I'm sure the group stages will give rise to some magnificent evenings here at Celtic Park.
"They are hard games for us, no doubt about it, but we are all looking forward to them.
"The draw brought back memories for me of two years ago when we were in the competition for the first time and I hope we can replicate that kind of form."
Celtic's progression to this stage of the Champions League was all but secure a fortnight ago when they triumphed 4-0 against MTK Hungaria in Budapest.
The second leg at Parkhead was more or less a formality but O'Neill believes Newcastle's failure to win their place in Europe's top competition highlighted just how difficult it is to secure a place amongst the continent's top teams.