Zinedine Zidane’s side booked their place in Friday’s draw after a 4-1 aggregate victory over Atalanta with Sergio Ramos on the score sheet following his return from injury.
Los Blancos had no real issues keeping the Serie A side at bay but after a rocky group campaign that saw them lose twice to Shakhtar Donetsk, they have been rated among the outsiders to lift the trophy this season.
Real’s history in the competition and haul of four triumphs in the last seven years alone means they will always be treated with some level of caution, according to McManaman.
But with the club lacking star power and currently playing home games at the Alfredo di Stefano Stadium, the club’s training ground, while the Bernabeu undergoes major renovation work, the former Liverpool pundit believes Manchester City, Liverpool and possibly Chelsea will have nothing to fear.
‘If you take it how they qualified in the group stage, they beat a poor Monchengladbach in the last game, they struggled early on but they got through,’ McManaman told BT Sport.
‘They got a favourable draw against Atalanta. They are Real Madrid, you have to fear them to a certain extent because of their history.
‘The English teams, Liverpool, Man City and hopefully Chelsea, they have too much power and pace for them.’