Manchester City will play Real Madrid in the Champions League semi-finals.
That means City could face incoming manager Pep Guardiola in the final, after his Bayern Munich side were drawn against Atletico Madrid in the other tie.
The first leg will take place in Manchester at Etihad Stadium on 26 April, with the return leg in Spain’s capital on 4 May.
“It is a difficult draw,” said former Real Madrid boss Pellegrini. “It doesn’t matter which team we played. The options are the same.
“I always prefer to finish at home but that is not the most important thing.”
The final takes place at Milan’s San Siro Stadium on 28 May.