Juventus were eliminated by Olympique Lyonnais in the last 16 in 2019-20.
“It's nice to reach the second phase, but it's also a very difficult one to face," Nedved told the club's official website.
“Everyone can put you in difficulty. In this phase of the Champions League it's tight, all the opponents are strong and we saw it last year, when we went out against Lyon."
Nedved also said, “I know their coach Sergio Conceicao well, he was a teammate of mine and plays with a very organised 3-5-2.
“They will be two very difficult games. We could be favourites, but the point is to get to those games in great shape.