The Ligue 1 leaders were handed a favourable draw in Nyon after being drawn to face Bundesliga side Bayer Leverkusen in the first knockout stage of the competition.
Leverkusen will be no pushovers, however, after finishing second in Group A behind Manchester United and while Blanc will not take the threat lightly, he is happy with the draw.
"We avoided Manchester City and Arsenal, two scarecrows in the second hat," Blanc told PSG's official website.
"Now we will prepare for this double confrontation as much as possible because they are of very high standard. All matches are difficult in this competition, especially in the knockout meetings."
Midfielder Adrien Rabiot echoed his manager's sentiments as they look to better their outcome from 2013, where the big-spending club were eliminated at the quarter-final stage on goal difference by Barcelona.
"It's a good draw I think it could have been more complicated anyway," said Rabiot.
"All teams have only one desire at this stage of the Champions League - to go into the quarters. We have a big team so we are confident before playing.
"My team-mates were visibly pleased with the draw also. The objective is to go as far as possible in this competition, to do better than last year."