Celtic will play in the group stages of the Champions League after Arsenal's defeat to Barcelona in last night's final in Paris.
The SPL champions would have had to face a qualifier if the North London outfit had of held on to their 1-0 lead.
However, the Catalan giants, inspired by former Celt Henrik Larsson, managed to win 2-1 and ensure Celtic a major cash boost next season.
Arsenal, meanwhile, will begin their European task next at the third qualifying stage next season after beating fierce rivals Tottenham to fourth spot in the Premiership.
Hoops boss Gordon Strachan received further good news after it was revealed that the 1967 European champions will be in pot 2 for next season's draw.