The club statement reads that the first leg will take place at Arsenal Stadium on Tuesday 9 April at 8pm with the return leg taking place a week later at Munich Stadium on Wednesday 17 April. Also at 8 pm.
Arsenal have reached the last eight of the Champions League after beating Porto in the last 16.
They now face a formidable challenge against Bundesliga giants Bayern Munich who have won their elite title in 2020 their sixth title.
If Arsenal beat Bayern and reach the semi-finals they will face the winner between Real Madrid and Manchester City.