The draw for the group stage has taken place at the Grimaldi Forum in Monaco on Thursday (August 31).
The teams were drawn from four separate pots, below.
Pot 1: Man City, Sevilla, Barcelona, Napoli, Bayern Munich, PSG, Benfica, Feyenoord
Pot 2: Real Madrid, Man Utd, Inter Milan, Dortmund, Atletico Madrid, RB Leipzig, Porto, Arsenal
Pot 3: Shakhtar Donetsk, RB Salzburg, AC Milan, Lazio, Red Star Belgrade, Braga, PSV, FC Copenhagen
Pot 4: Newcastle, Union Berlin, Lens, Real Sociedad, Galatasaray, Celtic, Young Boys, Antwerp
Arsenal have been drawn against the following teams:
Group B:
Pot 1: Sevilla
Pot 2: Arsenal
Pot 3: PSV
Pot 4: Lens
......
The fixture dates will be announced by Saturday morning at the latest, say Uefa.
Sevilla won last season’s Europa League for a record seventh time to qualify for the group stages. The Gunners last faced the side from Andalusia in the Champions League during 2007-08, when Arsenal posted a 3-0 home win before losing 3-1 in Spain.
Arsenal also beat Sevilla 6-0 during a pre-season friendly last summer at the Emirates.
Arsenal will return to Eindhoven for the second-straight season having been drawn alongside PSV in the Europa League last term, winning 1-0 at Emirates Stadium before losing 2-0 away from home.
The Dutch side qualified via the play-off round, eliminating Rangers 7-2 on aggregate.
Arsenal and PSV have faced each other eight times before, with the Gunners winning three and drawing two of those games.
Ligue 1 runners-up Lens were the Gunners first-ever opponent in the Champions League in the 1998-99 season, when Arsene Wenger's side drew 1-1 in France but lost 1-0 at Wembley.
Arsneal did beat Lens home and away during the 1999-2000 season, easing past the northern French side in the semi-finals of the UEFA Cup.
Fixtures for the group stage will be announced in due course.
The Gunners first group game is scheduled to take place on either September 19-20, with two and three-week gaps between games alternating right the way through to the sixth and final game on December 12-13.
After the winter break, the Champions League will return in February at the round of 16 stage, which will see two-legged ties take place.
The quarter-finals will be in March with the last four in April, with the final to be held at Wembley Stadium on Saturday, June 1.
It will be the eighth time the stadium has hosted a European Cup final, and the third in the Champions League era following on from the 2011 and 2013 finals.
Did both aways to RC Lens in 1998 and 2000 and definitely fancy a trip back to the Stade Bollaert
— Layth (@laythy29) August 31, 2023
Also fancy a trip to Andalusia for the Sevilla Vs Arsenal game
— Layth (@laythy29) August 31, 2023
Change in format for next season - 2024-25
The Champions League is entering its final season in its usual format of 32 teams, split into eight groups of four who play each other home and away.
The two group winners advance into the round of 16, with the winners seeded and runners-up unseeded. The third-placed team enter the Europa League play-off round, while the team who finishes bottom of the group is eliminated from European competition entirely.
The 2024-25 edition will see an increase in teams to 36, who will compete in a single league.
Each team will play eight matches against eight different teams, four at home and four away.
The top eight sides in the league will qualify automatically for the knockout stage, while the teams finishing in ninth to 24th place will compete in a two-legged play-off to secure their path into the last 16.
Two of the additional places will go to the associations with the best collective performance by their clubs in the previous season.
That could mean if English teams perform well in European competitions during 2023-24, the top five teams in the Premier League may qualify for this new version of the Champions League.