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Fleetwood Town have become the story of the Carabao Cup as the lowest-ranked team remaining in the competition knocked out Premier League champions Arsenal to reach the quarter-finals.

The fourth-tier side stunned Mikel Arteta’s team on penalties, following a 1-1 draw at Highbury, in one of the tournament’s biggest ever shocks to potentially book another blockbuster draw.

There are still plenty of big hitters in the mix, after all, with Liverpool’s heavyweight clash with Chelsea headlining the remainder of the fourth-round matches to be played this week.

Holders Manchester City remain top contenders but face a stern test against high-flying Brighton in another intriguing tie as we approach the business end of the tournament.

Fleetwood could yet face Bradford Town for a semi-final place, however, after the 2012 runners-up defeated Peterborough United to secure their progress on Tuesday.

Here’s everything you need to know about the quarter-final draw:

When is the Carabao Cup fourth round draw?

The draw will follow the conclusion of the Round Four tie between Liverpool and Chelsea. That encounter kicks off at 8pm BST on Wednesday 28 October, so the draw can be expected at some time after 10pm BST.

How can I watch it?

Proceedings will be aired live on Sky Sports. Presenter Dave Jones will host the programme, with Conor Coady and Graeme Le Saux on hand to conduct the draw.

Carabao Cup fixtures

Tuesday 27 October

Bradford City 2-0 Peterborough United

Fleetwood Town 1-1 Arsenal (Fleetwood won 5-3 on pens)

Wednesday 28 October

Manchester City vs Brighton and Hove Albion

Bournemouth vs Aston Villa

Fulham vs Crystal Palace

Sunderland vs Brentford

Liverpool vs Chelsea

Thursday 29 October

Everton vs Newcastle

What are the ball numbers?

Ball numbers for the draw will be confirmed on Wednesday morning across the EFL’s channels.

When will the Carabao Cup quarter-final be played?

All quarter-final ties will take place during the week commencing 14 December.