Bolton manager Sam Allardyce insists Arsenal will be 'massive favourites' when the sides meet in the FA Cup fourth round, despite his team's impressive record against the Gunners.
The Trotters' pairing with Arsenal was one of the most eye-catching fixtures to come out of yesterday's draw - along with Coca-Cola League One side Nottingham Forest's trip to Barclays Premiership champions Chelsea and the meeting of in-form Manchester United and Portsmouth at Old Trafford.
Allardyce, however, was not particularly pleased with the draw.
He said: 'I would have preferred to play them later in the competition, because it is going to be a very difficult tie for us.
'Arsenal are starting to find the form that made them such a formidable side in recent years - and they will be massive favourites against us.
'They remain unbeaten at the Emirates (Stadium) this season - and even though they have drawn a few at home, it will be a formidable task for us to go there and win or even bring them back for a replay.'
Forest manager Colin Calderwood describes the prospect of a trip to Chelsea as 'mouth-watering'.
Forest secured their place in the next round with a 2-0 win over Premiership strugglers Charlton at the City Ground on Saturday - and Calderwood is excited by the chance to pit his wits against Jose Mourinho.
'It's a fantastic draw for us,' he told his club's website.
'There's no denying the thought of playing Chelsea is a mouth-watering prospect.'
Portsmouth assistant manager Tony Adams is relishing a return to Old Trafford, despite a 3-0 Premiership 'battering' by Sir Alex Ferguson's team there in November.
Adams warned: 'We can't afford to go there with anything other than a full-strength team.
'It will be a tough tie in front of nearly 80,000 at Old Trafford, and the last time we were there we got battered.'
Swansea chairman Huw Jenkins would have preferred a tie against a glamour side but will instead find himself either at Chester or Ipswich.
The south Wales side qualified for the fourth round with a 3-0 victory at Premiership Sheffield United.
'We were looking for one of the big guns away but saying that playing at Ipswich or Chester is something to look forward to,' Jenkins told Sky Sports News.
Premiership strugglers West Ham and Watford will meet at Upton Park in a distraction from their relegation battles.
The draw also raised the possibility of Newcastle hosting Reading, but both sides must first ensure their place in the fourth round.
United face a replay against Coca-Cola Championship leaders Birmingham, who held them to a 2-2 draw in their first encounter, while Reading play Burnley tomorrow after the original match was postponed because of a waterlogged pitch.
West Brom could be making the visit to west midlands neighbours Wolves in the next round should Mick McCarthy's side overcome Oldham in a replay.
Bristol Rovers travel to Pride Park to play Derby, who brushed aside League Two Wrexham 3-1 at the weekend.
Middlesbrough will play at Bristol City or Coventry if they can beat Championship Hull at the second attempt, while Blackburn face a trip to Luton or QPR.
Leicester or Fulham will host Stoke; Sheffield Wednesday or Manchester City will play Southampton, and Tottenham replay against Cardiff for the right to stage a fourth-round tie against Southend or Barnsley.
Blackpool against Norwich, Crystal Palace versus Preston and Barnet or Colchester against Peterborough or Plymouth complete the draw.