Holders Paris Saint-Germain set up a Champions League final against Arsenal after a 1-1 second-leg draw at Bayern Munich secured a 6-5 aggregate victory for the French club on Wednesday.

PSG exploded on the counter less than three minutes in and Ballon d'Or winner Ousmane Dembele put Luis Enrique's side ahead on the night and two goals up on aggregate.

PSG largely succeeded in subduing Bayern's attacking threat, despite Harry Kane's stoppage-time goal.

On their return to Munich's Allianz Arena, the scene of their first Champions League triumph against Inter Milan in last year's final, PSG once again emphasised their excellence in a competition they long struggled for success in.

The French giants will be favourites to lift the trophy for a second successive season when they face Premier League leaders Arsenal on May 30 in Budapest.

They are hoping to become only the second Champions League back-to-back winners in the modern era after Real Madrid, who famously claimed three consecutive titles under Zinedine Zidane between 2016-2018. 

Bayern were angered by some first-half refereeing decisions but lacked the potency they showed in their 5-4 first-leg loss in Paris.

The six-time European champions have not won the Champions League since beating PSG in the 2020 final of the tournament in Lisbon.

"I don't have the ability to be disappointed for long," said Bayern coach Vincent Kompany. 

"Of course, in the end we lost two very, very tight games against a very good opponent."