Philippe Clement declared Rangers as underdogs for the first time since he became manager after the Light Blues were drawn against Benfica in the last 16 of the Europa League.
The cinch Premiership leaders are scheduled to travel to Portugal for the first leg on March 7 before the return game at Ibrox a week later.
Benfica sit joint-top of the Portuguese Primeira Liga table with rivals Sporting Lisbon, having played a game more.
Clement, who took over the Ibrox hot seat from Michael Beale and who has dragged Rangers from seven points behind Celtic to two points clear of the Hoops at the top of the cinch Premiership ahead of the visit of third-placed Hearts on Saturday, surveyed a difficult but winnable European tie.
“It is a really exciting challenge because it is a very good team,” said the Belgian boss, who confirmed midfielder Todd Cantwell will be out for three to four weeks with a hamstring injury while striker Kemar Roofe returns to the squad after another lengthy spell out with injury.
“I think it will be the first game since I have been here that we have been underdogs in a game. That is the reality.
“I don’t see us as underdogs against Celtic. I see us as two teams at a similar level competing and so that is different to Benfica.
“I saw them last season against my old team Club Brugge and they were very impressive (won 7-1 on aggregate). But it doesn’t mean that we cannot qualify.
“We believe in our qualities and with the mentality that is in this group now, we can beat everybody but we have to be at our top form and we also need to have luck in key moments in the game.
“Of course European nights are important for the club and the stature of the club but you need to be realistic.
“You have to look at your budget, what you spent, the value of your squad and compare that.
“So in that way Benfica are in front of us but there is a really special story developing here and there is a lot of motivation, hunger and desire and with that we can do really amazing things so that is what we are going to try to do in those two games.”
Atletico and Sociedad reach agreement over Le Normand transfer
Atletico Madrid have "reached an agreement" with Real Sociedad over the signing of Robin Le Normand.
The Spain defender, who was part of the side that won Euro 2024, will finalise his move to Atleti "in the coming days" for a fee believed to be in the region of €34.5million.
French-born Le Normand started his career with Brest before spending eight years with Txuri-Urdin, for whom he made 221 senior appearances across all competitions, while winning the 2019-20 Copa del Rey.
The 27-year-old is fresh from international success in Germany, where he played in six of Spain's seven matches, while he also helped La Roja win the Nations League last year.
A statement on Atletico's official website read: "Atletico and Sociedad have reached an agreement for the transfer of Le Normand. The deal will be finalised in the coming days when the player returns from his holiday.
Meanwhile, Sociedad wrote on X: "We'll always remember his dedication and gratitude to the colours that have shaped him into the player he is today. Good luck."
Guardiola 'cannot imagine' Man City's Premier League success without Ederson
Pep Guardiola believes Manchester City's Premier League dominance in recent seasons would not have been possible without Ederson.
The Brazil goalkeeper's future at the Etihad Stadium is uncertain, amid speculation linking him with a move to Saudi Arabia.
Ederson has been an integral figure for City since his arrival from Benfica in 2017, with 112 clean sheets in 250 Premier League appearances under Guardiola, while recording a save percentage of 68.17.
The 30-year-old conceded just 26 goals last season as the Citizens won an unprecedented fourth successive Premier League title - and their sixth since he joined the club.
Ederson's distribution has also been crucial to City's success, notably completing 942 of his 1,097 passes last term (85.87%).
"I wish from the bottom of my heart Eddie will continue with us," Guardiola said. "I would love him to stay.
"I cannot imagine our processes succeeding these last seasons without him. He is an important figure in the locker room."
Ederson could feature for City on Saturday when they continue their pre-season tour of the United States against Paulo Fonseca's Milan at the Yankee Stadium.
Ten Hag targets further transfers as Man Utd prioritise squad depth
Erik ten Hag wants more transfer activity ahead of his third season in charge of Manchester United, saying the Red Devils must work to replicate their rivals' strength in depth.
Ten Hag signed a new contract after overseeing United's FA Cup final victory over Manchester City in May, having previously been expected to depart.
Ahead of their first full season under the Jim Ratcliffe regime, United have spent an estimated £88million to acquire forward Joshua Zirkzee from Bologna and centre-back Leny Yoro from Lille.
But after United suffered more injuries causing a player to miss at least one match (45) than any other Premier League team last term, Ten Hag believes more is required.
"I want the squad as strong as possible," Ten Hag told reporters at a press conference ahead of Saturday's friendly versus Arsenal.
"We already made two very good buys, so when everyone is fit we have a team that can beat everyone.
"But also in squad depth, we have to catch up. We know that because when we had injuries, we were vulnerable, and we have to avoid this.
"First, by picking up fewer injuries. And second, our squad has to be that good in depth.
"Of course, we have the quality, but in the depth we have to catch up even more, because this will be a season that is survival of the fittest.
"We proved we can beat the best team. Not just once, we did it twice. Our challenge is to do it consistently, that's what we have to work for."
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