Liverpool will meet Wolfsburg in the quarter-finals of the Premier League International Cup after the draw was made on Thursday.
The Reds became the final team to book their place in the last eight, after staging a dramatic comeback to draw 2-2 at Wolverhampton Wanderers on Wednesday night, to edge through as Group E winners by virtue of goals scored.
The reward for their heroics is a tie against German side Wolfsburg, who boast a 100 per cent record in a competition which will have a new winner this season.
Knockout ties will be decided by one-off matches, which will go to extra-time and penalties should the result be level after 90 minutes.
Fixtures will be played by 16 March.
Arsenal v Monaco
Derby County v West Ham
Liverpool v Wolfsburg
Swansea City v Benfica