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Former Leicester winger Steve Guppy has backed the Foxes to shock Atletico Madrid 20 years on from his own European heartbreak.
The ex-England international believes the class of 2017 can keep their dream alive, ahead of Wednesday's Champions League quarter-final first leg at the Vicente Calderon.
Guppy was part of the last Foxes squad to face Atletico in the UEFA Cup first round in 1997 when Martin O'Neill's men were knocked out 4-1 on aggregate.
They can win, absolutely. Atletico are a very durable side, have a lot of experience in the Champions League, have good players but will be concerned about Leicester's strengths.
What they've achieved is simply phenomenal and they have raised the bar. To win the Premier League shocked the world.
But I'm proud of the time I had at Leicester and proud of the team Martin assembled. We were a really good team and were capable of beating Madrid - and were close to doing it - but this group are also capable of beating Madrid. It's their turn to see if they can do it.
For us there were certainly a few feelings of 'if only' and it could have been a lot different.
But there's a lot of things happening to this Leicester team and the chances are they will never come round again. They have earned the right to be there.
Manchester City have been fined 18,000 euros (£15,573) by UEFA for three offences during their Champions League clash with Monaco at the Etihad Stadium last month.
City have been found guilty of charges relating to a pitch invasion, the throwing of objects and a delayed kick-off during the last-16 first leg on February 21, the European governing body has announced.
The development comes on the same day City accepted a charge of misconduct from the Football Association relating to the conduct of their players in last weekend's Premier League game against Liverpool.
Gael Clichy insists the fault for Manchester City's Champions League exit lies more with the players than manager Pep Guardiola.
The left-back claims City deviated too much from Guardiola's gameplan as they were beaten 3-1 in Monaco on Wednesday to exit the competition at the last-16 stage on away goals.
Guardiola has been criticised for his determination to build on the 5-3 advantage established in the first leg by attacking rather than looking to sit back.
It was an approach that was understandable given the brittle nature of City's defence but it backfired as Monaco established complete control early on, scoring twice in the opening half-hour.
Left-back Clichy, however, felt it was the players who were to blame for not carrying out instructions.
[Guardiola] never told us to play deep, so of course we have to take responsibility for that.
Since he took over at the club his philosophy is to go forward, to press the team we're playing, to win the ball high up the field and then pass the ball to a player who can be creative and make something happen and we just didn't do it.
Willy [Caballero] made a great save in the first eight minutes and I just felt that first part of the game set the momentum, and it was not for us. We tried to react but they have quality and we suffered.
We came back strongly in the second half and could have killed the game with those three or four chances in 20 minutes but we didn't do it.
It's a big disappointment. When we play like the manager wants we can create problems for any team and if we'd started the game like we did the second half it could have been different.
But we have to look forward to Liverpool (on Sunday) now because the season is not finished. We can win something still this year so we have to believe and finish strongly.
Leicester City have been drawn to face Spanish side Atletico Madrid in the draw for the UEFA Champions League quarter-finals.Read the full story ›
Leicester and England great Peter Shilton believes the giants of European football will all want to avoid the Foxes in the Champions League quarter-finals.
The East Midlands outfit are the last English team left in the competition after Manchester City were knocked out by Monaco on Wednesday.
Craig Shakespeare's side will discover their next opponents in Friday's draw after they beat Sevilla 3-2 on aggregate following a 2-0 win at the King Power Stadium on Tuesday.
Real Madrid, Barcelona, Atletico Madrid, Juventus, Bayern Munich, Monaco and Borussia Dortmund have been European champions 24 times between them and are all possible opponents for debutants Leicester.
Juventus' Gianluigi Buffon and Madrid boss Zinedine Zidane have already said they do not want to face the Foxes and former goalkeeper Shilton, England's record appearance holder, understands that point of view.
It's what teams will think. They're going to cause problems to anyone they play.
It's not going to be easy but they are through to the quarter-finals and anyone who is there can win it. But you're not going to start shouting from the rooftops and saying they definitely will because there are too many wonderful sides.
I hope they get Real or Barcelona, the fans will want to see that. They have done the country proud.
Obviously it hasn't been a great season up until now, it was the heights of utopia to the depths of despair in three-quarters of a season and everyone was shaking their heads. To get into the quarter-finals is a terrific achievement and anything more would be a dream.
Bacary Sagna admitted Manchester City lacked fight as they were dumped out of the Champions League in Monaco.
City surrendered their 5-3 first-leg advantage as they lost 3-1 at Stade Louis II, exiting the competition at the last-16 stage on away goals.
Manager Pep Guardiola's bold attempts to combat Monaco's dangerous forwards by going with an all-out attacking approach himself backfired as City failed to gain any meaningful first-half possession.
By the interval they were 2-0 down after goals from Kylian Mbappe and Fabinho, and although Leroy Sane put City back in control, a powerful header by Tiemoue Bakayoko settled the tie.
The loss realistically leaves the FA Cup as City's only remaining route to silverware this season, but a quick response is required ahead of a vital Premier League clash against top-four rivals Liverpool on Sunday and Sagna has conceded he expects a big reaction.
It is a massive disappointment. We forgot to play in the first half, we forgot to fight as a team, defend as a team and press as a team. We gave them too much respect and against these kind of players, we put ourselves in danger.
We have to congratulate them, they are through. We are out and we have to recover because on Sunday we have an important game.
I expect a reaction from the team. I expect more desire, to show more passion. We did show passion in the second half but it is not enough. We have to recover because it was quite a difficult game and then we have to think about Liverpool.
We changed the system and I think it worked quite well, we managed to create more chances, but unfortunately we didn't score (enough).
They are probably the most scoring team in Europe at the minute. We knew they had quality players, we knew they had dangerous players.
We conceded six goals over two games. It is never easy to take but we have to, unfortunately.
Furious Sevilla midfielder Samir Nasri has branded Jamie Vardy a cheat after Leicester's stunning Champions League victory.Read the full story ›
Marc Albrighton has warned Europe's elite that Leicester will continue to upset the establishment.
The winger scored the Foxes' second in their 2-0 win over Sevilla to send them into the Champions League quarter finals 3-2 on aggregate on Tuesday.
It was just his second goal of the season - having scored Leicester's first ever Champions League strike at Club Brugge in September - after Wes Morgan opened the scoring to put the hosts ahead on away goals.
They lost the first leg 2-1 in Spain but recovered and could now face holders Real Madrid, Barcelona or Bayern Munich in the last eight.
Ahead of Friday's draw, Albrighton insisted the Foxes are not about to stop the shocks now.
I don't think I saw one person say we were capable of going and winning it (against Sevilla). We have defied the odds there, we will go and do it again.
I don't know whether they will fear us or whether teams might want us as it is odd seeing Leicester among those names but Sevilla didn't expect what they got.
They didn't expect us to be so in their face. If other teams come here they will obviously have to be wary of that. I would take anyone, there is not a bad team in there. Anyone would be fantastic.
We will continue to enjoy this and see how far we can go.
You don't enter a competition and aim not to win. We want to go all the way and believe we can. We believed we could win this game and the next step is the quarter-finals.