Wolves, who finished seventh in the Premier League, will enter the tournament in the second qualifying round stage.
They will play the first leg on 25 July and learn the identity of their opponents when the draw is made on 19 June, six days after the Premier League fixtures are released.
If the Blues win the Europa League then Unai Emery’s side will have to make do with a third successive Europa League campaign, beginning at the group stage**.
|Champions League||Europa League|
|Man City||GS||Man Utd||GS|
The draw for the Champions League group stage takes place on 29 August.