SYDNEY, AUSTRALIA - JANUARY 07: Dietmar Hamann of Liverpool FC Legends hoots at goal during the match between Liverpool FC Legends and the Australian Legends at ANZ Stadium on January 7, 2016 in Sydney, Australia. (Photo by Zak Kaczmarek/Getty Images)

Dietmar Hamann has labelled Bayern Munich the “underdogs” ahead of their last-16 tie in the Champions League against Liverpool

The two sides were drawn to face each other in the knockout stages of the competition in Nyon, Switzerland on Monday.

The last time they faced each other came in the UEFA Super Cup in 2001, where Hamann helped Liverpool claim a 3-2 victory over Bayern at Monaco.

Now the former German midfielder believes Bayern are in for another tough task this time around as Liverpool’s quality squad makes them favourites.

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“Everyone is talking about Sadio Mane, Roberto Firmino and Mohamed Salah,” Hamann told Sky.

“But there are also great players further back such as Virgil van Dijk. It sounds weird, but Bayern are the underdogs.”

Bayern legend Lothar Matthaus added: “For me, Liverpool have been the favourite to win the Champions League from the beginning. And they remain so.

The first leg of the last-16 tie will take place at Anfield on February 19 before the return leg begins on March 13 at the Allianz Arena.