Marc Skinner's side finished sixth in the group stage, following the excellent 1-0 victory away to Juventus on Wednesday night.
It meant we would meet either Atleti or OH Leuven, with the first tie taking place away and the second leg at the Progress with Unity Stadium in Leigh. The matches are due to take place in February.
We have already faced the Spanish capital club in the competition, winning 1-0 in Madrid.
Barcelona, Bayern Munich, Chelsea and Lyon made it through to the quarter-finals by filling the top-four places in table.