Colchester boss Phil Parkinson admitted his side have waited three years to 'pull out a good draw' after being paired with Everton or Chelsea in the FA Cup fifth round.
The Coca-Cola League One outfit saw off Championship visitors Derby 3-1 at Layer Road on Saturday and will face Premiership opposition on the weekend of February 18 and 19.
'It's a great draw for us, we've been waiting three years for pull out a good draw and either Everton or Chelsea will be fantastic,' Parkinson told Sky Sports News.
'Off the pitch it means about a million pounds for us.
'On the pitch it's a great opportunity for my young players to test themselves against Premiership opposition.'
Midfielder Kevin Watson added: 'It's a fantastic draw for the club. We've knocked out three Championship teams and it tops what has been a great season so far. Hopefully we can go to one of those clubs and and do ourselves justice.