Pep Guardiola's City, who are looking to retain the title they won in Istanbul last June, will be expected to comfortably get the better of the Danish side, who qualified from their group at the expense of Manchester United after beating the Red Devils 4-3 at home.
PSG, who have gone out in the last 16 in each of the last two seasons and in five of the last seven campaigns, were braced for a tough draw having come second in their group behind Borussia Dortmund.
They will therefore be relieved at being handed a tie against Real Sociedad, who topped their section above Inter Milan but are appearing in the Champions League last 16 for the first time since 2003/04, when they were knocked out by Lyon.
Round of 16 ties ✅#UCLdraw pic.twitter.com/N3xvSSNw1w Inter, the Serie A leaders, were one of the teams to avoid after finishing second in their group and their meeting with Atletico will see Diego Simeone, the coach of the Spanish club, come up against a team with whom he spent two years as a player in the late 1990s.