Arsene Wenger has urged his team to go "one goal better" when they face Bayern Munich for a second consecutive year.
Arsenal were paired with the highly-rated holders when the draw for the last 16 of the Champions League was made on Monday.
Wenger's side were a whisker away from knocking out Bayern last season, losing on away goals after winning the second leg 2-0 at the Allianz Arena. The Arsenal manager hopes his players have learned from that experience.
"We have all to win and nothing to lose. We can show that we have moved forward since last season"
"It is the same draw as last year and we have a good challenge," he told Arsenal.com.
"We have to be one goal better this time instead of being one goal worse and I believe it's an interesting challenge because we have an opportunity to show we have learned from it. We have all to win and nothing to lose. We can show that we have moved forward since last season."
There have been changes at both clubs since last season's meeting - Arsenal have signed Mesut Ozil and Mathieu Flamini while manager Pep Guardiola and playmaker Mario Goetze are the notable additions at Bayern.
"We are different and they are different," said Wenger. "How much different are they? I don't know but they look to play a bit more adventurously and more going forward, and we do as well I must say.
"We certainly have more offensive potential with [Mesut] Ozil coming in and we have to find our defensive security back which we have lost over the weekend, but it will be a very interesting challenge."