Ho Hum -- Here We Go Again!!! The game will be the first between two English clubs in Europe in the era since the country's six-year ban from continental competition was lifted in 1991.
Arsenal have already beaten Chelsea three times this season, including twice last month when they overcame them 2-1 in both the Premiership and FA Cup.
Chelsea have not beaten the Gunners in 16 attempts and are yet to taste victory against them under Claudio Ranieri.MORE FROM ARSENAL.COM
Arsenal will play Chelsea in the quarter-finals of the Champions League. The Gunners were paired with their London rivals in today's draw at UEFA headquarters in Nyon, Switzerland.
The Champions League draw also mapped out the fixtures for the semi-finals so teams can plot their route all the way through the rest of the competition.
If Arsène Wenger's team overcome Chelsea, they will face either Real Madrid or Monaco in the last four.
Unlike the Group Stage and Knockout Round, there were no restrictions on each club drawing teams from the same country or previous opponents from this year's tournament.
Champions League quarter-final draw in full:
FC Porto v Lyon
Real Madrid v Monaco
Chelsea v Arsenal
AC Milan v Deportivo La Coruña
Quarter-final fixture dates:
First leg - March 23 or 24
Second leg - April 6 or 7