Celtic have been written off from winning the Europa League with Brendan Rodgers side quoted at between 50/1 and 66/1 to lift the trophy.
The hoops dropped into the secondary UEFA competition after finishing in third place in Champions League Group B, edging out Anderlecht on a 3-1 aggregate.
Eight teams will drop into the competition from the Champions League with Celtic unseeded for Monday’s draw.
Twelve group winners and four Champions League drop outs will be seeded in the draw for the last 32 with the matches taking place on February 15 and 22 quickly followed by the last 16 matches on March 8 and 15.
Atletico Madrid are the 7/2 favourites for the Europa League with that price available from Sky Bet and William Hill.
They are followed by Arsenal, AC Milan and Lazio but teams from the four major leagues of England, Spain, Germany and Italy are likely to be concentrating on their league position with the top four teams in those countries getting automatic places in next season’s Champions League.