The UEFA Champions League semifinals are set for a blockbuster conclusion this week, with all four teams still firmly in the hunt after two tightly contested first-leg battles in Paris and Madrid. The stage is perfectly set for drama, as each side chases a coveted spot in the final on May 30 at Puskas Arena in Budapest, Hungary.

First up, Arsenal and Atletico Madrid reconvene in north London on Tuesday, following a tense 1-1 draw in the Spanish capital last week. Both goals came from the penalty spot in a match where clear-cut chances were scarce, reflecting the high stakes at play. These two historic clubs are within touching distance of their first Champions League title, and each is aiming to break a decade-long drought without reaching the final. The evenly matched tie promises a thrilling decider at the Emirates.

Then, on Wednesday, two recent Champions League winners collide in Germany after one of the tournament's most electrifying matches in recent memory. Bayern Munich host Paris Saint-Germain, following the reigning champions' narrow 5-4 victory at home. That goal-fest has only heightened the anticipation, as both teams chase a spot in the final and are considered oddsmakers' favorites to lift the trophy. Expect fireworks in Munich.

Here's everything you need to know for this pivotal week of Champions League action.

Paramount+ will once again deliver every minute of coverage, while CBS shares broadcast duties with the UEFA Champions League Today pre-match show and will air both semifinal matches live. The post-match show will air on both Paramount+ and CBS Sports Network, with coverage continuing through The Champions Club and Scoreline on CBS Sports Golazo Network. The Champions Club will also stream live on YouTube.

Don't miss "Beckham and Friends," returning this week on Paramount+ with Kate Scott hosting. Champions League legend David Beckham will be joined by Golden Globe-winning actor Tom Hiddleston and "Emily in Paris" star Lucien Laviscount for Tuesday's Arsenal vs. Atletico Madrid clash. For Wednesday's Bayern Munich vs. Paris Saint-Germain showdown, Beckham will be joined by ex-U.S. international Clint Dempsey, "Yellowstone" actor Cole Hauser, and Oscar-winning documentary filmmaker Fisher Stevens. A separate watchalong experience will also be available on CBS Sports Golazo Network and YouTube.