( CNN ) Arsenal crashed out of the Champions League at the last 16 stage for the fifth time in succession after falling agonizingly short in Monaco . The Premier League side recorded a 2-0 victory on the night but went out on away goals after the tie finished level at 3-3 on aggregate . Monaco , which won 3-1 in the first leg , was overwhelmed for much of the contest and was fortunate to escape without being dumped out of the competition . Olivier Giroud 's first half strike and Aaron Ramsey 's 79th minute effort ensured a tense finale but the visiting side was unable to find a winner . No team had ever overcome a two-goal first leg deficit away from home in the Champions League and progressed -- but Arsenal 's first half display gave it hope . Giroud , who has often been criticized this season for failing to take his chances , lashed in from close range with nine minutes of the first half remaining . Ramsey , a substitute , drove the ball into the net after Theo Walcott 's effort had struck the post and Monaco 's defenders hesitated . Giroud had a chance late on to cap a dramatic fightback but his effort was saved on the line . `` The best team went through , '' Arsenal defender Per Mertesacker told ITV . `` Monaco deserved it because they played much better in the first leg . We played well today but it was a massive deficit , and it was n't enough tonight . `` We came here and tried absolutely everything , and when you look at the game we could have scored more than two . `` Monaco deserve it and that 's absolutely fine . They caused a lot of problems away from home . We have to admit that we regret the first game . `` But if we continue to play like that we 'll do well in the FA Cup and the league . But play as badly as we did in the first game and you 're out of the Champions League . Monaco deserved it . '' Arsenal 's exit means Manchester City is England 's sole representative remaining in the competition . It faces Barcelona on Wednesday needing to overturn a 2-1 deficit . Monaco , which which the final in 2004 , joins Paris Saint-Germain in the quarterfinals .
Arsenal out of the Champions League despite 2-0 win at Premier League . Monaco club exits on away goals . Olivier Giroud and Aaron Ramsey on target for visiting team . Premier League won first leg 3-1 in London .