Live Text isn't live anymore, this is a record of the match events.

• Full Time FULL TIME: Arsenal's young guns lose out in their final Group Stage game. Leonardo got the goal two minutes after half time but Arsenal did very well tonight. Wenger will take plenty of positives out of this one. By the way, Walcott came back on after receiving treatment for an injury in stoppage time.

• 90

  Substitution OLYMPIACOS SUBSTITUTION: Tasos Pantos comes on for Oscar Gonzalez

• 90

  We restart with Walcott still off the pitch receiving treatment. As a result of the treatment we will probably have a few more than the initial two minutes stoppage time

• 90

  Walcott is down and needs some treatment to his foot. Hopefully that isn't too bad.

• 90

  Two minutes of stoppage time will be played in Greece

• 89

  ARSENAL CORNER: Domi clears it off the line! Ramsey's header is cleared at the front post by Leonardo. The Welshman was unlucky there

• 88

  Barca have just taken the lead in Kiev, so as it stands they will top Group F with Inter Milan coming second and Dynamo Kiev entering the Europa League

• 86

  Substitution OLYMPIACOS SUBSTITUTION: Didier Domi comes on for Dudu

• 85

  GOOD FOOTWORK FROM SUNU: He turns his man on the left side and slips the ball to Vela but Mellberg was too strong for the Mexican and his shot goes into the side netting

• 83

  FABIANSKI CLAIMS ANOTHER CROSS: The Polish keeper ha had a good game tonight and makes a good catch from Galletti's cross

• 82

  WALCOTT GETS A CROSS IN: He crosses from the right but it's cleared by Mellberg. Arsenal are struggling to find an opening here. They have eight minutes plus stoppage time to find one from somewhere

• 78

  OLYMPIACOS CORNER: Mitroglou got away from Bartley and Fabianski got a slight touch to it to divert it out for a corner, which is cleared by Arsenal.

• 77

  Substitution SUNU MAKES HIS DEBUT: Three goals in six games for the Reserves have earned the young French striker his first Arsenal appearance. Jack Wilshere came off.

• 75

  Galitsios is receiving some treatment after crashing into Silvestre. Completely accidental. It gives me the chance to tell you that as far as the rest of Europe is concerned, no changes to who goes though since my half-time update. But Liverpool are now drawing 1-1 with Fiorentia and Inter have a 2-0 lead over Rubin Kazan. Barca v Dynamo Kiev is still 1-1, so as things stand the Catalans go through - but a goal for Kiev will change that

• 72

  FABIANSKI WITH A GREAT SAVE: Dudu plays the ball into the path of Leonardo and he probably thought he was through on goal but Fabianski had read the danger and rushed out quickly to block the effort

• 70

  VELA GOES CLOSE: It's Arsenal's best chance of the night so far! Merida picks out Vela, the Mexican knocks the ball into the area but scoops his shot over the bar. It was close but he will have wanted to do better with that chance.

• 67

  Want to make a point to us tonight? There are two ways to do so, email Dan and Adrian via www.arsenal.com/studio or call our post-match phone in on 0207 607 3200 or if you're calling from outside the UK, +44 20 7607 3200. Lines will open shortly after the final whistle.

• 66

  GOOD BLOCK FROM RAUL BRAVO: Ramsey found Walcott with a fine pass and as the Englishman hit his shot Bravo got in to make the block and it's an Arsenal corner. The corner is won in the air by Ramsey but Nikopolidis gathers it.

• 65

  WILSHERE COMES FORWARD: He has the ball on the left and looks for Walcott in the middle. But he passes it too soon and even Theo doesn't have the pace to get onto that! Wilshere is clearly frustrated.

• 64

  ARSENAL CORNER: It's taken from the right but cleared by Olympiacos

• 57

  Arsenal are looking to find a way back into this game but are struggling to break through the Olympiacos defence. On the bench there's Gilles Sunu who has scored three goals in six games for the Reserves. Craig Eastmond has played against Liverpool and Man City in the Carling Cup this season and Francis Coquelin has won many fans with his performances over the last 18 months.

• 54

  Keep those emails coming in - www.arsenal.com/studio - Dan and Adrian are reading them out on the commentary. And don't forget our post-match phone in, the number is 0207 607 3200 or if you're calling from outside the UK, +44 20 7607 3200

• 52

  WALCOTT FREE KICK GOES WIDE: It was close though. From the left edge of the area he curled it around the wall but too far around the wall and it went just wide of the post.

• 50

  VELA FORCES A GOOD SAVE: Ramsey sprinted down the right and round Merida who forced a very good save from Nikopolidis. The veteran keeper kept the scoreline respectable at Emirates Stadium when Arsenal won 2-0 in September - and he's frustrating Arsenal again.

• 47

  GOAL! - Leonardo 1 : 0 GOAL! Olympiacos 1-0 Arsenal. Leonardo the scorer. He got away on the left and slotted the ball past Fabianski. The Gunners are behind.

• 46

  The second half is underway

• 45

  A quick update from around Europe. I'll start in Group F where any of the four teams could go through tonight. Barcelona have equalised away to Dynamo Kiev, it's 1-1 there now. At the San Siro it's Inter Milan 1-0 Rubin Kazan meaning that as things stand, Barcelona will top the group with Inter coming second. In Group E Liverpool lead Fiorentina 1-0 at Anfield and Lyon are beating Debrecen 2-0 in France. In Group G Sevilla lead Rangers 1-0 and Stuttgart are 3-0 up against Unirea Urziceni. Finally, at half time in the other Group H game it's Standard Liege 0-1 AZ Alkmaar, so no matter what happens in Greece, if that score stays the same, Olympiacos will join Arsenal in the last 16.

• Half Time Half time - no stoppage time as the referee blows his whistle on the 45 minute mark

• 44

  BRAVO VOLLEYS OVER: Galletti sends a cross over from the right and the left back Bravo volleys well over from just inside the area

• 44

  DUDU GETS A SHOT AWAY: He volleys the ball on the bounce but it slides wide of the Fabianski's left post.

• 42

  GILBERT UNDER PRESSURE: Fabianski came out to meet a long ball and found himself under pressure outside of his area. He scrambled the ball to Gilbert who used his strength to hold off Raul Bravo

• 40

  The resulting free kick is fired well over by Maresca

• 39

  Yellow Card Fran Merida is booked for a challenge on the edge of the Arsenal area

• 35

  SONG GOES FOR GOAL: But from 30 yards the Cameroon international sends it well over the bar

• 33

  ARSENAL FREE KICK: Walcott touches it to Ramsey and the from the left edge of the area he takes a shot but flashes it wide.

• 29

  Adrian Clarke is alongside Dan Roebuck in the commentary box today and he thinks Arsenal are struggling to break down the Olympiacos back line. How can the Gunners get past the barrier? www.arsenal.com/studio - and don't forget our post-match phone-in, call us on 0207 607 3200 or if you're calling from outside the UK, +44 20 7607 3200. Lines will open shortly after full time

• 25

  AN UPDATE FROM AROUND EUROPE: Dynamo Kiev are beating Barcelona at home, which is bad news for Inter Milan who are goalless with Rubin Kazan at the San Siro. As things stand, Barca and Kiev go through in Group F, Inter will be in the Europa League. In Group G Sevilla are beating Rangers 1-0

• 24

  Yellow Card Leonardo is booked for a foul on Aaron Ramsey

• 22

  GREAT BALL FROM RAMSEY: He saw Walcott making a run through the middle and played a 40-yard ball from the halfway line. Unfortunately Walcott is unable to control it, because if he had got the first touch right, he would have been one-on-one with Nikopolidis

• 21

  OLYMPIACOS BREAK: Straight from that free kick Leonardo bursts forward and finds Galletti who volleys a shot at goal and it goes just wide of the left hand post.

• 20

  ARSENAL FREE KICK: Merida is brought down by Mellberg on the edge of the 'D'. This is an excellent position for a shot, which will be taken by Walcott. But the wall does its job.

• 18

  ANOTHER CORNER FOR THE HOSTS: Cruise made the tackle on Galletti to concede the corner and this one is caught by Fabianski.

• 16

  OLYMPIACOS CORNER: Mitroglou plays the ball to Leonardo and Merida does well to concede the corner. It's whipped in from the left and Mellberg tries a shot but it's blocked and cleared by Arsenal

• 14

  Dan and Adrian are reading your emails - get them in via www.arsenal.com/studio

• 10

  DOUBLE SAVE FROM NIKOPOLIDIS: First from Walcott and then on the edge of the area from Ramsey

• 9

  OLYMPIACOS CORNER: It's played backwards for a deep cross to come in from the right and Fabianski holds it

• 6

  ARSENAL ON TOP: This is a big night for Olympiacos but they are being pegged back in the possession stakes so far

• 4

  CLEVER FOOTWORK FROM MERIDA: He skipped past a couple of Olympiacos players but just stumbled as he entered the area. Good work from the Spaniard though

• 3

  There's a hot atmosphere in Athens - this is a big game for Olympiacos and there fans are putting pressure on Arsenal

• Kick Off And we're underway in the final Champions League Group Stage game of the season!

• The teams are out on the pitch in Athens

• We're just over five minutes from kick off in Greece. Which wall will this Champions League fixture go? Arsenal have already topped Group H and have nothing to lose but for Olympiacos they need a point to ensure their progression to the Knockout Stages. Whatever the result you can share your opinion in our Post-Match Show. Discuss your thoughts with Dan Roebuck and Adrian Clarke by calling us on 0207 607 3200 or if you're calling from outside the UK, +44 20 7607 3200

• In midfield we have Alex Song, Fran Merida and Aaron Ramsey while Jack Wilshere and Theo Walcott join the central Carlos Vela in the front three

• For the Gunners it's the backline which has the least experience. That said, right back Kerrea Gilbert was an instrumental part of the Leicester City side which gained promotion from League One so comfortably last season. Kyle Bartley is the Reserve-team captain and alongside him is Mikael Silvestre, tonight's Arsenal captain. At left back is Thomas Cruise.

• Olympiacos normally line-up in a 4-4-1-1 with Oscar Gonzalez just behind the striker Mitroglou who has recently found form in the Greek Super League. In their defence is Olof Melllberg who scored the first competitive goal at Emirates Stadium back in his Aston Villa days and the captain and goalkeeper Nikopolidis was superb in the reverse of this fixture back in September. If it wasn't for him, Arsenal could have won by more than two goals to nil

• Olympiacos: Nikopolidis, Galitsios, Papadopoulos, Mellberg, Raul Bravo, Galletti, Dudu, Maresca, Leonardo, Oscar Gonzalez, Mitroglou SUBS: Pardo, K. Papadopoulos, Domi, Zairi, Niklitsiotis, Pantos, Katsikogiannis

• Give me a moment and I'll tell you a little about some of the players you may not know too well. First, the team for tonight's opposition - Olympiacos.

• So, those five internationals who start? Fabianski in goal, Song and Ramsey in midfield and Walcott and Vela who line-up in the front three. The starting XI in full: Fabianski, Gilbert, Bartley, Silvestre, Cruise, Ramsey, Song, Merida, Walcott, Wilshere, Vela SUBS: Mannone, Coquelin, Eastmond, Ayling, Randall, Sunu

• Good evening! The MatchDay Show is about to kick off on Arsenal TV Online. To compliment the coverage we're bringing you live text commentary as well. I'm Nick Teale and I'll be keeping you updated with events in Greece, kicking off with some team news - and I can tell you that while this is a young Arsenal side, there are five international players in the Gunners starting XI. I'll bring you the line-ups in full shortly.

• Good evening! Today's MatchDay Show starts at 7:15pm (UK time) Our coverage kicks off with team news from Athens and you can also expect highlights of the win over Stoke, the best of Wenger's press conference and a word from Greece on Olympiacos. Our commentary team of Dan Roebuck and Adrian Clarke will then bring live audio commentary throughout the game. And don't forget to stay tuned and have your say in our Post-Match Show straight after the final whistle. Email Dan and Adrian via www.arsenal.com/studio or give them a call in the studio on (+44) 0207 607 3200.

Arsenal v Olympiacos (5)