Cheslea are 4th favs for the tournament at 14/1, a drift from 11/1, after being drawn with tricky Napoli.
Arsenal have also moved out, this time to 20/1, but Ladbrokes can’t split who will go through between them and AC Milan, both teams are 10/11 to progress.
Barcelona have been trimmed to 11/8 while Real Madrid are unchanged at 5/2.
Alex Donohue of Ladbrokes said: “We’ve got Barcelona for fortunes and continue to cheer the field loudly. The draw wasn’t kind to the English sides and both take a walk in the betting subsequently.”
He added: “We saw some money for Bayern Munich ante-post and after a seemingly favourable draw their price has also contracted.”Ladbrokes latest betting Champions League winner
Barcelona 11/8 (from 6/4)
Real Madrid 5/2
Bayern Munich 5/1 (from 6/1)
Chelsea 14/1 (from 11/1)
Lyon 33/1 (from 80/1)
Zenit Petersburg 66/1
CSKA Moscow 150/1
B. Leverkusen 150/1
Apoel Nicosia 200/1