BOTH halves of the Old Firm have confirmed their place in the knockout stages of the Europa League and will discover their opponents in the round of 32 after Monday's draw takes place.

It's Celtic's third consecutive campaign where qualification for the knockout stages has been confirmed, and the first time that Rangers are featuring in European competition after Christmas since 2011.

Results on the pitch are, of course, the primary focus of supporters but each club has also raised millions in prize money from UEFA for their respective European successes this season.

Here's how much both Celtic and Rangers have made in Europe this season in prize money.

HeraldScotland:

READ MORE: Europa League last 32 draw: When is it? Where can I watch it?

Celtic - around £6,271,625

The prize money that Celtic have been awarded through their performances in European football this season comes in at €7,510,000 (just over £6million).

Around €4 million of this was awarded for their performances of the club in the Champions League and Europa League qualifying rounds and finishing top of the group brought another €1,000,000.

At €510,000 per win, Celtic picked up €2,280,000 for their four wins and a further €170,000 for their draw with Stade Rennais on matchday one, giving a grand total of €7,510,000 (around £6,271,625).

HeraldScotland:

READ MORE: Graeme McGarry: The big five's annexing of Champions League riches takes shine off the European Cup

Rangers - around £4,943,811

Rangers' prize money from the Europa League at this stage of the campaign sits at a little under £5,000,000 (€5,920,000). 

The Ibrox club gained around €3,700,000 during the qualifiers and were awarded a further €500,000 for finshing in second place in Group G.

Steven Gerrard's side recorded two wins in the group stages that resulted in €1,040,000, and two draws which brought in €680,000 in prize money.