By Fernando Kallas MADRID (Reuters) -Real Madrid beat city rivals Atletico 4-2 on penalties to reach the Champions League quarter-finals following an enthralling last-16 tie which ended 2-2 after extra time in a raucous atmosphere at Metropolitano on Wednesday.

Atlético Madrid take on Real Madrid on Wednesday, March 12, at the Metropolitano Stadium. Kickoff is set for 9 p.m. CET local time in Spain, making it an 8 p.m. GMT start in the UK. It's a 4 p.m. ET or 1 p.m. PT kickoff in the US and Canada, and a 7 a.m. AEDT start in Australia on Thursday morning.

Its city rival and record 15-time European champion won the first leg 2-1 with a crucial goal from Brahim Diaz to continue dominance of the Madrid derby on Europe’s biggest stage. A team from Madrid is likely to face Arsenal in the quarterfinals unless a miracle helps PSV Eindhoven come back from a massive 7-1 home loss in the first leg,

Manchester United unveiled plans on Tuesday to build the “world’s greatest” soccer stadium. A proposed 100,000-seater arena, costing around 2 billion pounds ($2.6 billion), would be built next to United’s current Old Trafford home and surpass Wembley Stadium as the biggest in the United Kingdom.

Manchester United plan to build a new two billion pound ($2.59 billion) 100,000-seat stadium that will be the biggest in Britain, next to the existing Old Trafford, the club announced on Tuesday. The stadium is expected to be completed in five years,

The Premier League club will leave its iconic Old Trafford home in favour of a new arena built on the surrounding land.