Cristiano Ronaldo scored the decisive penalty to help Real Madrid claim a 5-3 shoot-out victory over Atletico Madrid.
Tens of thousands of fans endured rain to greet Real Madrid players as they returned home to celebrate thier 11th Champions League title win.
Neither Zinedine Zidane nor Real Madrid’s president Florentino Perez have confirmed whether the French coach would be remain charge.
Victory would see Real Madrid embellish their reputation as the most successful club in Europe.
Besides being from the same city and vying for the Champions League title, Real Madrid and Atletico Madrid don’t have much in common.
Vicente Calderon could be the eventual destination, some 12-odd kilometres west of Bernabeu, overlooking the historic Almudena cathedral.
Atletico Madrid beat Bayern Munich 1-0 in last week’s first leg to take a narrow advantage with them to Munich.
As long as Messi and Ronaldo keep competing against each other, we have spectacular football.
Real Madrid pitted against VfL Wolfsburg and Bayern Munich will face Benfica, both Bundesliga teams will play the first legs at home.
After two exits in the semi-finals of Champions League, Bayern Munich looked to be going out in the Round of 16 but for a last gasp goal.
Juventus were 2-0 up and 4-2 up on aggregate before Bayern Munich staged a comeback to score two late goals and again in extra time.
Defending champions Barcelona, enter into the Champions League quarterfinals for a ninth consecutive season with a 5-1 victory on aggregate over Arsenal.
Barcelona leads Arsenal 2-0 heading into the second leg in the Champions League on March 16.
Manchester City are in a position to reach the Champions League quarter-finals with a 3-1 lead over Dynamo Kiev.
Barcelona were handed a favorable start to its title defence with Bayer Leverkusen, Roma and BATE Borisov.