Ranieri led the 5,0000-1 outsiders to a historic league title last season and they have been drawn in Group G along with Porto, Club Bruges and FC Copenhagen.
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One of those was in the Champions League against Borussia Dortmund in Germany but he never featured at home in Europe.
Celtic open their campaign with a trip to Barcelona on 13th September, but Tierney has indicated that his team-mate Roberts will be more interested in playing against Manchester City.
Cristiano Ronaldo – who scored the winning penalty in The Whites’ final triumph last season against neighbours Atletico – will this time face Sporting Lisbon, the team where he began his illustrious career.
Group D: Bayern Munich (Germany), Atletico Madrid (Spain), PSV Eindhoven (Netherlands), Rostov (Russia).
Uefa, which controls the Champions Association, says the Europa League victors will correspondingly have all the vital qualities for the Champions league together group stage under the new framework.
“It is obviously a hard group but it always is in the Champions League”.
Ronaldo scored 51 goals in 48 games in all competitions for Spanish side Real Madrid, and played a key role in Portugal’s triumph at Euro 2016.
Hoops defender Kieran Tierney said: “It is the biggest competition and we are delighted to be there, but we are not just there to make up the numbers”.
Apart from the odd heavyweight clash, numerous groups look predictable, a criticism that has increasingly been levelled at the competition in recent years.
Uefa competitions director Giorgio Marchetti told reporters that the format itself would remain the same, with a qualifying stage followed by a 32-team group stage and then a knockout competition.
Juventus, Serie A winners for the last five seasons, face Sevilla, Olympique Lyonnais and Dinamo Zagreb in Group H with the first three likely to battle for the top two places.
Spain have four teams in this season’s group stages.
Twice former champions Benfica, Napoli, Dynamo Kiev and Besiktas are in Group B.
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Arsenal have been drawn alongside Paris St-Germain, Basel and Ludogorets, with Tottenham facing Monaco, CSKA Moscow and Bayer Leverkusen.
